European Chips Act
Regulation (EU) 2023/1781 establishes a framework to strengthen Europe’s semiconductor ecosystem by boosting innovation, securing supply chains, and reducing dependency on third countries. It promotes investment, crisis preparedness, and coordinated action to support the EU’s digital and green transitions.
What You Need to Know
Date of Adoption:
13-Sep-23
Through the European Chips Act, the European Union seeks to double its global semiconductor market share, aiming to reach 20% by 2030. In total, more than €43 billion of policy-driven investment will support the Chips Act until 2030.
It sets out five key priorities:
- Advancing research and technological leadership
- Expanding and strengthening Europe’s ability to innovate in chip design, manufacturing, and packaging
- Establishing a solid framework to scale up production by 2030
- Tackling the skills gap and attracting talent
- Enhancing knowledge and oversight of the global semiconductor supply chain
The Chips Act proposes a more investor-friendly framework for establishing manufacturing facilities in Europe and support for innovative start-ups, scale-ups and SMEs in accessing equity finance.
More about this regulations
Issued by
European Union
Isadora Costa
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