European Chips Act
| European Union regulation | |
| Text with EEA relevance | |
 | |
| Title | Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL establishing a framework of measures for strengthening Europe's semiconductor ecosystem (Chips Act) |
|---|---|
| Journal reference | [1] |
| Preparative texts | |
| Commission proposal | COM/2022/46 final |
| Proposed | |
The European Chips Act, also known as simply the Chips Act, is a legislative proposal by the European Commission to encourage semiconductor production in the European Union.[1][2][3][4]
First announced in February 2022, the European Commission intends for the European Chips Act to reclaim market share from the dominant Taiwan Semiconductor Manufacturing Company.[1] The Act is part of a "Chips for Europe" investment plan which will span many years, and aims to establish Europe as "a leader in this market", according to president of the European Commission Ursula von der Leyen.[2]
As of 2022, Europe accounts for less than 10 percent of the production of semiconductors worldwide, and the European Commission plans to increase the figure to 20 percent with a 43 billion euro investment.[1]
See also
References
- ^ a b c "Chip shortage: Has Europe's plan arrived too late?". BBC News. 2022-04-01. Retrieved 2022-08-13.
- ^ a b "EU launches Chips Act industrial plan". POLITICO. 2022-02-08. Retrieved 2022-08-13.
- ^ "Chips Act unveiled: The (real) cost of making semiconductors". www.euractiv.com. 2022-02-22. Retrieved 2022-08-13.
- ^ "Is the EU Chips Act the right approach?". Bruegel | The Brussels-based economic think tank. Retrieved 2022-08-13.
External links
- European Commission Chips Act proposal announcement
- Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL establishing a framework of measures for strengthening Europe's semiconductor ecosystem (Chips Act) on EUR-Lex
- Procedure 2022/0032/COD on EUR-Lex
- Procedure 2022/0032/COD on ŒIL
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