Czech Republic Bets on Chips for Economic Revival

US Chipmaker Onsemi Plans Major Expansion

The Czech Republic is investing heavily in its semiconductor industry, hoping to establish it as a key pillar of the country's future economy.

Roznov pod Radhostem: From Pies to Chips

The small town of Roznov pod Radhostem, known for its traditional pastries and folk architecture, is now poised to become a hub for chip production.

US chipmaker Onsemi plans to invest €1.8 billion in expanding its operations in the town, creating 1,000 new jobs.

Czech Republic's Semiconductor Ambitions

The Czech government recognizes the strategic importance of semiconductors, which are essential components in various industries.

The government aims to secure a significant role for the Czech Republic in the global semiconductor supply chain.

European Chips Act

The Czech EU Presidency is actively involved in shaping the European Chips Act, which aims to boost the European semiconductor industry.

Prague hopes to finalize a deal among member states before the end of its presidency.

Benefits for the Czech Republic

• Economic growth and job creation
• Increased innovation and technological advancement
• Enhanced competitiveness in the global semiconductor market

Challenges Ahead

• Finding skilled workers and engineers
• Managing the environmental impact of chip production
• Navigating geopolitical tensions in the semiconductor industry

Conclusion

The Czech Republic's ambitious plans to become a major player in the semiconductor industry are a testament to the country's determination to drive economic growth and innovation.

With the support of investors like Onsemi and the European Chips Act, the Czech Republic is well-positioned to establish itself as a leading semiconductor hub in Europe.