{"id":17495,"date":"2024-04-26T12:35:04","date_gmt":"2024-04-26T09:35:04","guid":{"rendered":"https:\/\/canatu.com\/?p=17495"},"modified":"2025-10-03T12:22:32","modified_gmt":"2025-10-03T09:22:32","slug":"finland-targets-export-surge-in-semiconductors-aims-to-elevate-europes-technological-competitiveness","status":"publish","type":"post","link":"https:\/\/canatu.com\/company\/carbon-age-news\/finland-targets-export-surge-in-semiconductors-aims-to-elevate-europes-technological-competitiveness\/","title":{"rendered":"Finland targets export surge in semiconductors, aims to elevate Europe\u2019s technological competitiveness"},"content":{"rendered":"\n

New strategy outlines growth opportunities<\/h2>\n\n\n\n
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The Finnish semiconductor industry is poised to triple its turnover to EUR 5\u20136 billion and expand its workforce to 20,000 by 2035. Unveiled today, Chips from the North, the industry’s strategy, encourages businesses and the government to invest in education, attract international talent and investments, and enhance research and development within the sector. The initiative also aims at reinforcing Europe’s technological edge.<\/p>\n

Read press release in Finnish<\/a><\/em><\/p>\n<\/p>\n<\/div>\n\n\n

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“The semiconductor sector presents a substantial opportunity for Finland to accelerate export growth and create high-value jobs. Concurrently, we aim to bolster Europe’s technological prowess and supply chain resilience amid global uncertainties.”<\/p>\nTomy Runne, Chair of the Semiconductor Branch Group at Technology Industries of Finland<\/cite><\/blockquote>\n\n\n\n

With global semiconductor sales projected to reach approximately \u20ac1,000 billion over this decade, spurred by advancements in digitalization and AI, Finnish semiconductor firms are well-placed for even faster growth. The newly released national strategy offers both a current analysis and a forward-looking perspective on Finland’s semiconductor landscape.<\/p>\n\n\n\n

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“Our growth potential stems from distinctive strengths and extensive prior investments amounting to hundreds of millions. Our sector exemplifies the substantial benefits and competitive edge derived from long-term educational, research, and development commitments by both public and private entities.”<\/p>\nTomy Runne, Chair of the Semiconductor Branch Group at Technology Industries of Finland<\/cite><\/blockquote>\n\n\n\n

Six growth opportunities identified<\/h3>\n\n\n\n

The strategy outlines six pivotal areas for expansion in the Finnish semiconductor industry: chip design, microelectromechanical systems and sensor technology, photonics, quantum technologies, advanced materials, and sustainable process technologies.<\/p>\n\n\n\n

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“By capitalizing on these strategic areas, we anticipate that the Finnish semiconductor sector will not only triple its turnover to EUR 5\u20136 billion by 2035 but also double its workforce to 20,000.”<\/p>\nJoonas Mikkil\u00e4, Senior Advisor at Technology Industries of Finland<\/cite><\/blockquote>\n\n\n\n

Furthermore, this growth could indirectly create an additional 15,000 jobs across various sectors and generate an economic impact estimated between EUR 90 and 180 billion in the country.<\/p>\n\n\n\n

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In 2022, the Finnish semiconductor sector comprised roughly 90 companies, employing about 7,000 people and generating nearly EUR 1.6 billion in revenue. Nokia and Microsoft are not included in the employment and revenue statistics.<\/p>\n\n\n\n

Strategic actions needed to realize growth<\/h3>\n\n\n\n

To harness the opportunities presented by increasing global demand and shifts in critical technology supply chains, the Finnish semiconductor industry requires focused efforts.<\/p>\n\n\n\n

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“We need to strengthen our research and development capabilities, enhance our talent pool, and draw investments to research and design centres and production facilities. Our strategy lays out specific actions for businesses, the government, and academic institutions.”<\/p>\nTomy Runne, Chair of the Semiconductor Branch Group at Technology Industries of Finland<\/cite><\/blockquote>\n\n\n\n

Globally, governments are recognizing the strategic importance of semiconductor technologies for national success and security, with initiatives like the EU’s Chips Act demonstrating this trend.<\/p>\n\n\n\n

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“We appreciate the Finnish government’s pledge to ensure vital funding for collaborative projects under the EU\u2019s Chips Act such as shared pilot infrastructure. Our strategy sets the direction for more effective partnerships between the industry and stakeholders. The decisions we make today will define Finland\u2019s future success in the semiconductor arena.”<\/p>\nTomy Runne, Chair of the Semiconductor Branch Group at Technology Industries of Finland<\/cite><\/blockquote>\n\n\n\n

Additional information<\/h3>\n\n\n\n

Tomy Runne<\/strong>
Chair, Semiconductor Branch Group
Technology Institutes of Finland
Tel. +358 406 646 194
Email: tomy.runne@murata.com<\/a>

Joonas Mikkil\u00e4<\/strong>
Senior Advisor
Technology Institutes of Finland
Tel. +358 451 296 791
Email: joonas.mikkila@teknologiateollisuus.fi<\/a><\/p>\n\n\n\n

Read more<\/h3>\n\n\n\n