The policy on semiconductors was formed to tackle challenges the Czech Republic is currently facing namely inadequate funding for higher education, an uncoordinated system of public support for research and development and a negatively perceived migration policy. Other factors are the outflow of human capital abroad, the outflow of professionals from the education system and others.

The policy aims to increase the number of professionals in the sector to 9,000 and to triple the size of the semiconductor sector in the Czech Republic by the end of 2029. These policy includes increasing the capacity of selected fields of study at universities, supporting the creation of a competence centre, creating analytical documents for economic diplomats or a specialised programme for the development of start-up companies and Czech SMEs.

The Czech Republic can also be helped by the budding cooperation with Taiwan. Taiwan is making the Czech Republic a hub for cooperation with Europe, and TSMC's upcoming factory in Dresden. Moreover, the representatives of TSMC, Cadence, Synopsys, Imec and other industry leaders will soon be arriving in the country to start the semiconductor activities in the Czech Republic.

According to Adam Hanka, data director of the Creative Dock technology group, semiconductor production is a strategic sector for the future of the Czech and European industry. "The EU currently accounts for about ten percent of global semiconductor production and the European Commission has set a target to double this share by 2030. Strategic investments should help build capacity in the Czech Republic to enable us to participate in this development. Investments in research and development are key for the Czech Republic, but we must not forget about training workers in this field and attracting talent from abroad," he said.

Source: https://www.investicniweb.cz/ , https://www.lupa.cz/

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