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.
✔️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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We want technologies and products to be created, manufactured and marketed in Europe.
And we must act now.
Our new Competitiveness Compass is the plan for Europe’s productivity and growth. ↓🧵
#madeinEurope
In the next five years, we’ll work on aligning all European, national and local efforts to supercharge sustainable prosperity and growth.
First, we will drive productivity through innovation.
How?
✅ Supporting start-ups and conditions for scaling up
✅ Building a deeper, more efficient venture capital market
✅ Easing talent mobility and retention
✅ Investing in state-of-the-art infrastructure
✅ Boosting research & innovation
2024 is bringing us many exciting anniversaries of EU history.
These milestones laid the foundations for the EU as we know it today ↓
#EUArchives
⚖️ 60 years since Costa v ENEL case
In 1964, the European Court of Justice established the primacy of EU law over national laws.
The principle of the primacy of EU law has developed over time and is now a declaration annexed to the Treaty of Lisbon
#EUarchives
🏞️50 years since the launch of the European Regional Development Fund
It was created in 1975, laying the foundations for today’s EU regional policy and aiming to strengthen economic and social cohesion in the EU by correcting imbalances between its regions.
Dive back in time with this read made for its 10th anniversary in 1985: