The European Council has approved the Chips Act this week, aimed at strengthening the semiconductor industry in Europe and ensure its security of supply. The 43 billion euro programme aims to double the EU market share in global semiconductors to 20% by 2030.
The new legislation acknowledges that advanced semiconductor components will need to meet green, trustworthiness and cybersecurity requirements (27) and calls for common standards and reference certification of secure chips and secure embedded systems (28).
While we are already seeing significant investment in building EU-based manufacturing facilities, I fully expect this act to drive additional investment in areas such as R&D, with cybersecurity features of semiconductors as a prime area for additional research.
Thank you for sharing this update. The approval of the Chips Act by the European Council is a positive step towards strengthening the semiconductor industry in Europe and ensuring its security of supply. The aim to double the EU market share in global semiconductors to 20% by 2030 is ambitious but necessary for the region's competitiveness. It is encouraging to see the recognition of the importance of green, trustworthiness, and cybersecurity requirements for advanced semiconductor components. The call for common standards and reference certification of secure chips and embedded systems is a crucial aspect of ensuring the security of these technologies. I anticipate that this act will drive further investment in areas like R&D, particularly in cybersecurity features of semiconductors.