Chips Act Proposal

The European Chips Act proposal, announced by the European Commission on 8 February 2022, aims to strengthen European resilience to supply chain disruptions and to increase European capacity in semiconductor RD&I and production, particularly for advanced nodes.

This Act will foster development of capacities in advanced manufacturing, design and system integration as well as cutting-edge industrial production. These ambitions are backed with significantly enlarged public and private investment in excess of 43 billion euros up to 2030.  This includes scope for very high levels of public funding for ‘first-of-a-kind’ facilities which can benefit Europe as a whole.

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