European Chips Act

[1][2][3][4] First announced in February 2022, the Commission has intended through the ECA to reclaim market share from the dominant Taiwan Semiconductor Manufacturing Company[1] and reduce European exposure to supply chain risks.The ECA is part of a "Chips for Europe" investment plan which will span at least until 2030, and aims to establish Europe as "a leader in this market", according to president of the European Commission Ursula von der Leyen.[1] A political agreement was found in the Spring of 2023 and the Chips Act (Regulation (EU) 2023/1781 of the European Parliament and of the Council of 13 September 2023 establishing a framework of measures for strengthening Europe’s semiconductor ecosystem and amending Regulation (EU) 2021/694) was published in the Official Journal of the EU on 18 September 2023.It also does not solve the supply chain problems with raw materials for chip production.[6] In October 2022, the EU supported the French-Italian company STMicroelectronics for the construction of a Silicon Carbide wafer plant in Catania with €293 million through the Recovery and Resilience Facility to be completed in 2026, and in line with the European Chips Act.
European Union regulationEuropean ParliamentCouncil of the European UnionJournalCommissionsemiconductorEuropean UnionTaiwan Semiconductor Manufacturing Companysupply chainUrsula von der Leyenstate aidtrade protectionismCHIPS and Science ActInflation Reduction ActSTMicroelectronicsCataniaInfineonDigital Europe ProgrammeArtificial Intelligence Cold WarEUR-LexEuropean Union law