 | This article needs to be updated. (January 2023) |
| European Union regulation | |
| Text with EEA relevance | |
 | |
| Title | Regulation 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 (Chips Act) |
|---|---|
| Applicability | European Parliament and Council of the European Union |
| Journal reference | L129, 18 September 2023, p. 1–54 |
| History | |
| Date made | 13 September 2023 |
| Preparative texts | |
| Commission proposal | COM/2022/46 final |
The European Chips Act (ECA), also known as simply the Chips Act, is a legislative package to encourage semiconductor production in the European Union.[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.[2][5] The proposal has three "pillars":
- research, development and innovation
- a new state aid exemption covering semiconductor manufacturing, and
- measures to monitor the supply chain and intervene if necessary.[4]
As of 2022, Europe accounts for less than 10 percent of the production of semiconductors worldwide, and the Commission hopes to increase the figure to 20 percent with a 43 billion euro investment.[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.
- ^ a b c "Chip shortage: Has Europe's plan arrived too late?". BBC News. 2022-04-01. Archived from the original on 2022-08-12. Retrieved 2022-08-13.
- ^ a b "EU launches Chips Act industrial plan". POLITICO. 2022-02-08. Archived from the original on 2022-08-13. Retrieved 2022-08-13.
- ^ "Chips Act unveiled: The (real) cost of making semiconductors". www.euractiv.com. 2022-02-22. Archived from the original on 2022-08-14. Retrieved 2022-08-13.
- ^ a b Niclas Poitiers Pauline Weil (2022-06-02). "Is the EU Chips Act the right approach?". Bruegel | The Brussels-based economic think tank. Archived from the original on 2022-08-13. Retrieved 2022-08-13.
- ^ "European Chips Act". European Commission Directorate-General for Communication. Archived from the original on 11 January 2023. Retrieved 11 January 2023.