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.
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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