The 19 EU member states signed a joint statement aimed at building a 2nm wafer foundry in Europe to “strengthen Europe’s ability to develop next-generation processors and semiconductors.”

The joint statement specifically mentioned that 19 countries will research and develop chips and embedded systems used in specific fields, and improve chip manufacturing capabilities toward the 2nm node.

Malcolm Penn, CEO of market research company Future Horizons, analyzed the possibility of the realization of this statement and believes that if European institutions, research centers and semiconductor companies can unite, Europe will achieve the restoration of chip manufacturing capabilities.

At the same time, some people are skeptical of this plan. Peter Winnink, CEO of ASML, the global leader in chip manufacturing lithography equipment, believes that the existing global semiconductor industry production has taken decades to be established. If different chip technologies are concentrated in one country, it will be Expends high time and capital cost.

The 19 countries that signed the declaration are: Belgium, France, Germany, Croatia, Estonia, Italy, Greece, Malta, Spain, Netherlands, Portugal, Austria, Slovenia, Slovakia, Romania, Finland, Cyprus, Hungary and Poland.