Semiconductors: Chips Joint Undertaking launched

Focus|30 September 2023

With the approval of the European Chips Act, Brussels also strengthens the operational instruments supporting the European semiconductor industry by transforming the Key Digital Technologies Joint Undertaking (JU) into the Chips Joint Undertaking. Much more than a simple name change, as the 'new' JU will be able to count on an additional 3 billion euros and operate over a larger field of action. What is the European Chips Act?

The news arrived in the last few days and marks - together with the launch of the Chips Act – “a decisive step forward” for Europe to “determine its own destiny”, explained Internal Market Commissioner Thierry Breton. Thanks to major investments - which are already underway - together with substantial public funding and a strong regulatory framework, Breton explained, “we are becoming an industrial powerhouse in the markets of the future, able to provide ourselves and the world with mature, advanced semiconductors. Semiconductors that are essential elements of the technologies that will shape our future, our industry and our defence base”.