Amid heightened geopolitical tensions and growing challenges posed by disruptive innovation, European policymakers are seeking ways to strengthen the continent’s strategic autonomy—particularly with respect to technology. A key part of this effort is the EU Chips Act, which provides billions in financial support to set up factories for advanced chip production (so-called “fabs”) and step up semiconductor research in the EU.
The EU Chips Act represents a leading example of initiatives to improve Europe’s strategic autonomy on a range of technologies. The act joins up political, industrial, technological, and financial support in a key technological area; presents a clear plan for industrial and technological capability- and capacity-building; and takes a realistic approach to partnering with like-minded countries to enhance strategic control of the semiconductor industrial ecosystem.
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