The EU plans to attract global semiconductor manufacturers to invest in Europe, increasing chip production and easing the impact of the global chip shortage on the EU.

In an interview, Monday, Breton Thierry Breton, EU Commissioner for the Internal Market, recently said he will seek investment in Europe from Intel, TSMC, and Samsung Electronics when he meets with company executives in the coming days.

Breton plans to hold meetings this Friday with U.S.-based Intel CEO Pat Gelsinger and Maria Marced, the president of TSMC's Europe division, while talks with Korea's Samsung are also planned.

The EU wants those global semiconductor giants to design and produce advanced semiconductors in the region, aiming to double its capacity and increase market share from 10% to 20%.

Breton said the EU's plan to create a semiconductor alliance has the support of 22 countries, and officials are in talks with technology, telecommunications, and automotive companies.