Today, we propose a set of measures to ensure the EU’s security of supply, resilience and technological sovereignty in semiconductor technologies.
▶️ Watch the press conference by Executive Vice-President @vestager and Commissioner @ThierryBreton. twitter.com/i/broadcasts/1…
Our European Chips Act proposes a set of measures to drive microchip production and fight the ongoing shortages.
It will strengthen Europe’s technological leadership and help achieve the digital and green transitions.
🔗Read more europa.eu/!CWWpRj
#EUChipsAct
By 2030 we will double our current market share of chips to 20%.
Together with EU countries, we will mobilise more than €43 billion of public and private investments to prepare, anticipate, and swiftly respond to the current and future supply chains disruptions.
#EUChipsAct
The global chip shortage hit us in everyday life.
There are semiconductors in everything from smartphones to cars and domestic appliances.
Chips are a strategic component of any industrial chain.
#EUChipsAct
The Chips Act is a milestone for Europe, one that will benefit our industry, economy and society. It means:
➕ skilled jobs and new markets for our companies
➕ geopolitical independence for Europe
➕ diverse and resilient supply chain for the world
#EUChipsAct
The main components of the #EUChipsAct are:
✔️the Chips for Europe Initiative
✔️a new framework to ensure the security of supply
✔️a coordination mechanism at the EU level
✔️a joint crisis assessment and coordinated responses
The #EUChipsAct will help us achieve the 2030 Digital Decade target - empowering businesses and people in a human-centred, sustainable and more prosperous digital future.
These new measures will make Europe a major global player in the semiconductors ecosystem.
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