Exporting semiconductors for automotive and industrial applications in the Czech Republic

Despite contributing only a small share to the EU’s total GDP and manufacturing output, the Czech Republic is expected to show remarkable growth in manufacturing and high tech technologies over the next few years, driven by government aid and incentive schemes for investors, historic heritage in industrial and automotive manufacturing and skilled human resources. The government has established growth policies for these sectors in light of the fact that high technology products containing semiconductors will make up the highest share of all exports in 2017. These outlooks, combined with the possibility of entering the competitive landscape as a ‘disrupter’ are making the Czech Republic an attractive target market for semiconductor manufacturers from developing countries.