Bayern to Strengthen Lead in Chip Production - Bavaria Boosts Chip Production Ambitions with €700M Investment and Global Talent Drive
Bavaria is stepping up efforts to boost its chip production, aiming to strengthen its lead in Germany and Europe. The region is investing heavily and planning to attract top international scientists to drive research, particularly in the promising field of photonic chips.
Currently, Europe's chip production stands at a mere 8%, a figure that's unlikely to reach the targeted 20% due to fierce competition from Asia and the USA. The continent faced severe challenges during the COVID-19 pandemic, with the European industry hit hard by a shortage of chips originating in Asia. The German automotive sector, for instance, suffered billions in losses due to the scarcity.
Bavaria, however, is determined to buck this trend. It has already invested a substantial 700 million euros in promoting chip production. Now, the region plans to manufacture photonic chips, a technology that promises to reduce energy consumption by up to 90%. To achieve this, Bavaria is planning to lure international scientists with salaries above the current level, driving research forward.
Bavaria's ambitious plans aim to strengthen its position in chip manufacturing, not just in Germany, but also in Europe. By investing in photonic chips and attracting top international talent, the region seeks to overcome the challenges posed by global competition and the recent chip shortage. The success of these efforts will be crucial in shaping Europe's role in the global chip market.
