European Commission states nano and microelectronics are indispensable for Europe's future

The NMI today welcomed the European Commission's communication (http://tinyurl.com/ycm8qcf) highlighting the importance of micro- and nanoelectronics, including semiconductors, in managing the shift to a low carbon and knowledge-based economy.



The communication stated that, mastering such technologies lays stable foundation for well paid jobs in the EU and allows for sustainable, broadly shared growth. They are the main drivers for innovative goods and services needed for addressing major societal challenges. Therefore the Commission proposes to develop and implement a European vision for the industrial deployment of such technologies in the EU.



Commenting on the announcement, Derek Boyd, CEO of NMI said: Working in unison with our European colleagues (http://tinyurl.com/yco3kv5), the NMI reasserts the fundamental importance of semiconductor technologies in solving societal challenges and recognises the attractive economic benefits that we are well placed to exploit. Within the UK, NMI has been working closely with UK government agencies for several years to educate and promote this position at both national and regional levels.



However, capitalising on the opportunities highlighted by the European Commission will require joined-up thinking, smart investments and collaborative working.



The UK has formidable capabilities but must attend to key issues in order to enjoy the socio-economic benefits presented. The industry's ageing population presents a long-term challenge and this requires a new holistic approach. We also need continued investment in R&D and the innovation support processes.