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Information session on the European Chips Act

The session discussed the EU's strategy for reinforcing its semiconductor ecosystem and strengthening its technological leadership.

A microchip in front of the European flag

EC - Audiovisual Service

On 8 February 2022, the Commission proposed the European Chips Act, a comprehensive set of measures aimed at ensuring the EU's security of supply, resilience and technological leadership in semiconductor technologies and applications.

In the fast-growing market of semiconductors, the EU has the ambitious goal to double its market share to 20% by 2030.

What is the European Chips Act about?

The European Chips Act will ensure that the EU has the necessary technological capabilities, tools and skills to strengthen its semiconductor ecosystem, reduce dependencies and accelerate the digital and green transitions. Its main components are:

  • The Chips for Europe Initiative will pool resources from the Union, Member States and third countries associated with the existing Union programmes, as well as the private sector, through the enhanced Chips Joint Undertaking resulting from the strategic reorientation of the existing Key Digital Technologies Joint Undertaking. €11 billion will be made available to strengthen existing research, development and innovation, to ensure the deployment of advanced semiconductor tools, pilot lines for the prototyping, testing and experimentation of new devices for innovative real-life applications and to foster skills and talent in the microelectronics. In addition, a Chips Fund will facilitate access to finance for start-ups to help them mature their innovations and attract investors.
  • A new framework to ensure security of supply by attracting investments in new advanced production facilities and thus accelerating innovation in advanced nodes and innovative and energy efficient chips.
  • A coordination mechanism between the Member States and the Commission for monitoring the supply of semiconductors, estimating demand and anticipating and mitigating shortages.

About the information session

DG CONNECT organised an information session on Tuesday 29 March to present the main elements of the European Chips Act, as well as the preliminary timeline for its adoption.

The session was open to all interested stakeholders from across the semiconductor value chain. Participants had the opportunity to make comments and ask questions.

The agenda was:

  • Welcome and introduction into the EU Chips Act 
  • Pillar 1 - The Chips for Europe Initiative
  • Pillar 2 - Security of Supply 
  • Pillar 3 - Monitoring and Crisis Response
  • Q&A
  • Conclusion

The slides can be found here.