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Home : July 10 2013 Computer News : EU pledges €4.8 billion to boost electronics sector

EU pledges €4.8 billion to boost electronics sector

July 10, 2013

In a new effort to boost Europe’s electronics manufacturing capabilities, the European Commission on Wednesday proposed €4.8 billion (US$6.2 billion) in funding for research and innovation partnerships with the private sector and European Union countries. The Commission hopes the public-private partnerships under the planned Joint Technology Initiative (JTI) will reverse the decline of the E.U.’s global share in the electronic components and systems market. Digital Agenda Commissioner Neelie Kroes wants to double Europe’s chip production by 2020 and overtake the U.S. The plans should also help meet the E.U. target of 20 percent of GDP coming from manufacturing by 2020, particularly through work in areas such as embedded systems, semiconductor equipment and materials supply and the design of complex electronic systems. After a competitive call, the best projects will be selected for funding through peer review. The JTI will set out seven-year commitments and establish a strategic research and innovation agenda for all those involved—companies, universities, research laboratories, innovative small and medium businesses or other groups. To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2044014/eu-pledges-48b-to-boost-electronics-sector.html#tk.rss_all
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