Strengthening Europe's Semiconductor Sovereignty

Strengthening Europe's Semiconductor Sovereignty: The EU Chips Act and the Pursuit of Strategic Autonomy in the Semiconductor Tech Arena

Abstract

This study examines the EU Chips Act (2023), a crucial step by the European Union to bolster its semiconductor industry within the environment of global shortages and technological dependencies. The Act aims to bridge the gap in the EU's semiconductor production chain, shifting from research and development to actual manufacturing. Key initiatives include the 'Chips for Europe Initiative', a dedicated ‘Chips Fund’, and support for new production facilities. While the Act marks a significant move towards the EU's strategic technological autonomy, it also faces challenges like high costs and aligning new manufacturing goals with Europe's background strengths. The analysis underscores the Act as crucial in balancing self-reliance with global interdependence in the tech sector.

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