European Photonics Companies’ CEOs Propose €4.25 Billion Plan to EU Commission to Boost Industry Critical to applications including high speed internet, data security, autonomous vehicles and quantum computing.
🔷Recently, CEOs from eight of Europe’s largest integrated photonics companies presented a plan to the European Commission to establish a resilient European supply chain for photonic integrated circuits. The industry is critical to various applications, including high-speed internet, data security, autonomous vehicles, and quantum computing.
🔶The proposed plan calls for a total investment of €4.25 billion over eight years and includes several recommendations to enable the European integrated photonics industry to become a global leader. The goal is to have the ability to supply EU customers autonomously. Photonic integrated circuits (PICs) are the key technology that opens doors to developing smaller, faster, and more energy-efficient devices. They are already in use in many innovations, such as telecommunication, data communication, autonomous vehicles, quantum communication, and agriculture.