DIGITAL IN ECONOMY
EU support is aimed at strengthening the European microchip industry and supporting the introduction of digital technologies into the european manufacturing world.
Chips play a vital role in various industrial value chains, and the digital transformation has led to the emergence of new markets for the chip industry.
These markets include highly automated cars, cloud computing, the Internet of Things (IoT), connectivity, space technology, defense applications, and supercomputers. The increasing demand for advanced technology in these sectors highlights the strategic importance of chips as essential components for powering and enabling innovation in a wide range of industries.
EU is currently facing challenges in the availability and production of microchips. The global chip shortage has impacted various industries, including automotive, electronics, and telecommunications, causing supply chain disruptions and delays.
The EU is working towards increasing its self-sufficiency in chip production and reducing dependency on foreign suppliers. Efforts are being made to enhance domestic chip manufacturing capabilities, promote research and innovation, and establish strategic partnerships with industry stakeholders. Today, Europe occupies the last places in the semicondictor supply chain.
For these purposes, in 2022 the Commission presented a Proposal for a Regulation establishing a framework of measures for strengthening Europe's semiconductor ecosystem (Chips Act), following the Communication COM(2022) 45 final.
On 18 April 2023, European Parliament and EU Council agreed on a final text that should be voted by EP in Plenary very soon.
Goals of the Regulation:
The Chips Act is composed by 3 main components:
Overall, the Chips Act introduces a framework aimed at ensuring a secure supply of chips by attracting investments and facilitating the establishment of large-scale chip production capacities.
The proposed framework includes provisions for public support in creating two innovative types of production facilities.
The first is "Open EU Foundries," which would allocate a substantial portion of their manufacturing capacity to produce chips for other industrial players.
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