AppLiA Europe chip crisis

According to the latest APPLiA Statistical Report, “the number of users of smart appliances expected by 2024 will equal the population of Australia,” highlighted Vilas. With an ever-increasing demand for home appliances comes the challenge of supplying European consumers with the most sustainable, energy-efficient products. Today, accounting for only 10% of the market share in global semiconductors, European companies have already been negatively impacted by the impending shortage, facing alterations in the production processes, supply chains and after-sales services. Moving forward, to reach the set goal of having 20% of the global market share of chips production, Europe must invest in all kinds of chips. This would lay the foundations for more balanced interdependencies, in the efforts to establish Europe as a key player in the entire global value chain.https://applia-europe.eu/topics/accelerating-europe%E2%80%99s-growth/540-chip-availability-for-all-uses-as-the-key-to-europe%E2%80%99s-tech-sovereignty

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