Authorities should prioritize ordering their processors from EU start-ups. Furthermore, environmental permits for chip factories should be issued more quickly. With these measures, the EU Commission wants to support semiconductor production in the Union, Reuters reports. A second Chips Act is in the works.
For strategic reasons, the European Union wants to double its global market share in semiconductor production from ten to 20 percent by 2030. To this end, EU Regulation 2021/694, known as the “Chips Act,” came into force on September 21, 2023. Billions are already available for funding research, development, and manufacturing, as well as for start-ups, scale-ups, and advances in the supply chain. The regulation has not yet met the expectations placed upon it; for example, several major projects have been cancelled again despite promised billions in subsidies.
However, the regulation has also not had much time to take effect. As time is pressing, a second Chips Act is now being prepared, and the EU Commission is preparing further measures. The Commissioner for Digital, Henna Virkkunen, is developing corresponding proposals and wants to present them on June 3rd.
Internal document leaked
