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.
The European Chips Act is a EU legislative text that establishes a framework of measures to strengthen Europe’s semiconductor ecosystem. See in the side the Proposal for Regulation.
On 18 April 2023, European Parliament and EU Council agreed on a final text, that should be voted by EP in Plenary very soon. On 17 May 2023, the Council confirmed its agreement (see text in the side).
The pillars of the European Chips Act are:
The European Chips Act goals are to:
The EU Regulation includes also measures to support the development of advanced chip technologies, such as 5G, artificial intelligence, and the Internet of Things.
The Commission proposes 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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