Top stories of the month: the EU Chips Act, new partnerships & events for the chips industry

European politics around chips

	Political agreement on the European Chips Act The European Parliament and Council of Ministers agreed on the European Commission’s proposal for the EU Chips Act. The EU Chips Act aims to provide a legislative framework and funding mechanism to increase EU’s global market share in chips to 20% by 2023.  Read more
	The European Commission launches the Semiconductor Alert System The new pilot system to monitor the semiconductor supply chain is included under the third pillar of the EU Chips Act. The system will assess risks and will allow all stakeholders to flag potential disruptions. Read more
	Further investment in advanced semiconductor manufacturing in Europe The European Commission approved State aid related to a new microchip plan investment worth €7.4 billion by STMicroelectronics and GlobalFoundries. The goal is to increase Europe's resilience in the global semiconductor supply chain. Read more

 

 

News from the Semiconductor Industry

	Infineon starts building the €5 billion semiconductor plant in Dresden In less than 6 months after having announced the project, EU leaders and Infineon CEO meet in Dresden to launch the construction of the plant.   Read more
	Partnership announced between imec, Purdue University and Indiana The partnership aims at strengthening the collaboration between research, government and industry institutions between the U.S. and Europe.  Read more