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Europe’s Technological Crossroads:
Time for Action

The electronics industry is vital to Europe’s innovation and economic resilience. Nevertheless, Europe’s share of global PCB production has decreased from 11.2 percent to 2.3 percent in two decades. Without urgent action, we risk falling further behind.

In a feature in Børsen last week, CEO of GPV, Bo Lybaek highlighted that “Europe must act boldly to remain competitive. The European Chips Act is a step in the right direction, but we need a broader European Electronics Act to support the entire value chain and boost innovation. I want to thank Ursula von der Leyen and the European Commission for their initiative with the Competitiveness Compass, which rightly prioritises focus on innovation, reducing bureaucracy, and strengthening supply chains. However, it is decisive that the initiative does not introduce new administrative burdens, which require further resources but instead simplifies and accelerates European competitiveness.”

We need reduced bureaucracy, an innovation-friendly business climate, and improved European framework conditions.

Read the full feature (Available only for subscribers, Danish only).

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