The European Chips Act entered into force Thursday, putting in place a comprehensive set of measures to ensure the European Union's security of supply, resilience, and technological leadership in semiconductor technologies and applications.
The European Chips Act aims to strengthen manufacturing activities in the European Union, stimulate the European design ecosystem, and support scale-up and innovation across the whole value chain. The European Union aims to reach its target to double its current global market share of semiconductor to 20 percent in 2030.
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by Joji Xavier
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