The European Chips Act: Reducing Europe’s Dependence on Third-country Semiconductors?

February 2022
Region: Europe

In February 2022, the EU Commission (EC) published its long-anticipated plan to bolster the European Union’s (EU) sovereignty in semiconductor production and to achieve better supply chain resilience via a legislative package including a European Chips Act.

It will be important for private sector operators to understand how they may benefit from these new funding opportunities, and how as the European Chips Act is implemented it will create innovation opportunities, but may also lead to trade barriers.

For anyone impacted by the proposed European Chips Act, whether as a potential beneficiary of EU funding, or as a customer in need of supply of chips, it will be essential to monitor and analyse the policy discussions, and to engage in them as necessary in order to shape the new EU chips regime.