By 2030 we will double our current market share of chips to 20%.
Together with EU countries, we will mobilise more than €43 billion of public and private investments to prepare, anticipate, and swiftly respond to the current and future supply chains disruptions.
✔️the Chips for Europe Initiative
✔️a new framework to ensure the security of supply
✔️a coordination mechanism at the EU level
✔️a joint crisis assessment and coordinated responses
The #EUChipsAct will help us achieve the 2030 Digital Decade target - empowering businesses and people in a human-centred, sustainable and more prosperous digital future.
These new measures will make Europe a major global player in the semiconductors ecosystem.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
What if the next big AI breakthrough came from Europe?
Today we announced an ambitious AI Continent Action Plan to make this happen ↓
Our plan includes:
🏭 13 AI Factories to drive innovation, connecting universities, startups, industry, and policymakers. These hubs will bring together top talent, high-quality data, and powerful computing.
↓
🚀 The EU will also set up AI Gigafactories with 100,000 state-of-the-art AI chips – four times more than current AI factories.
📊 Data Labs will curate large, high-quality data.
🎯 We are launching the Apply AI Strategy to boost industrial use in EU sectors.
The EU continues to ramp up pressure against Russia’s ability to finance its war of aggression.
We welcome the adoption by the Council of the 16th sanctions package.
This package targets systemically important sectors of the Russian economy ↓
#StandWithUkraine
Key sectors targeted include energy, trade, transport, infrastructure, and financial services ↓
153 vessels are now targeted by our measures.
EU sanctions enable the EU to list vessels that support Russia’s warfare against Ukraine. And now allow the listing of those who supported the operations of unsafe oil tankers.