Silicon Republic September 21, 2023
The act aims to increase the EU’s global share of chip production, improve its technology and protect from any future supply shortages.
The long-awaited European Chips Act has come into effect today (21 September), to help the EU rise up in the global semiconductor sector and protect its supply chain.
First proposed by the European Commission last year, the act aims to increase the EU’s share of global chip production from 10pc to at least 20pc by the end of the decade. It was also proposed during the global chip shortage, as a way to prevent future supply constraints.
The EU approved the Act in July, just two weeks after the EU parliament adopted the €43bn act in a 587...
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