According to the European Comission web site: “The European Chips Act will bolster Europe’s competitiveness and resilience in semiconductor technologies and applications, and help achieve both the digital and green transition. It will do this by strengthening Europe’s technological leadership in the field.
In her 2021 State of the Union speech, Commission President Ursula von der Leyen set the vision for Europe’s chip strategy, to jointly create a state-of-the-art European chip ecosystem. This will include production, as well as connecting the EU’s world-class research, design and testing capacities. And already in her 2022 State of the Union speech, President von der Leyen highlighted that the first chips gigafactory in Europe will break ground in the coming months.
With the European Chips Act, the EU will address semiconductor shortages and strengthen Europe’s technological leadership. It will mobilise more than € 43 billion of public and private investments and set measures to prepare, anticipate and swiftly respond to any future supply chain disruptions, together with Member States and our international partners.
The aim is to:
- Strengthen Europe’s research and technology leadership towards smaller and faster chips
- Put in place a framework to increase production capacity to 20% of the global market by 2030
- Build and reinforce capacity to innovate in the design, manufacturing and packaging of advanced chips
- Develop an in-depth understanding of the global semiconductor supply chains
- Address the skills shortage, attract new talent and support the emergence of a skilled workforce
Following the Council’s approval on 25 July 2023, the Act has been adopted. After being signed by the President of the European Parliament and the President of the Council, the regulation will be published in the Official Journal of the European Union and will enter into force on the third day following its publication.”
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