The European Chips Act is law. 43 billion euros in investments are expected
The European Chips Act, the law that will mobilize 43 billion in investment, comes into force across the EU. Founded on three pillars with a solid financial architecture, the Chips Act aims to double the EU's global market share in semiconductors by 2030, from 10 percent to at least 20 percent. A total of 3.3 billion euros will come from the Union's common budget.
Two months after the co-legislators gave the final green light, the European Chips Act - the EU's microchip legislation - officially entered into force last 21 September. For the digital sovereignty of the European Union is one of those moments that will go down in history.
From this moment on, all the actions envisioned by Brussels can be implemented by the EU institutions and the Twenty-seven to achieve one of the most ambitious goals: to double the EU's global market share in semiconductors by 2030, from 10 percent to at least 20 percent. That is equivalent to quadrupling microchip production, given the fact that the sector is itself set to double in the next decade.
The European Chips Act puts in place "a comprehensive set of measures to ensure