Chips Act: Europe’s bet

The EU Commission wants to put Europe at the forefront of the semiconductor industry. Those who invest here can hope for massive subsidies – but at the same time must enter into far-reaching commitments. There is criticism from within the industry.

For Thierry Breton, it is „one of the most important industrial policy projects in many years„: The European Chips Act, announced by the Commission with much fanfare and now presented yesterday. The legislative proposal, which was drawn up under great time pressure, is intended not only to protect Europe’s industry from supply bottlenecks like the current one but also „to make Europe a leader in this very strategic market“, as Commission President Ursula von der Leyen put it.

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