Europe Seeks New Measures to Boost Semiconductor Industry

The European Union (EU) introduced its first Chips Act in September 2023 to establish a framework for strengthening the semiconductor ecosystem in the region. Member states have increasingly been calling on the EU to strengthen the regulation to advance the region’s semiconductor production. The European Chips Act was established to bolster Europe’s competitiveness and resilience in semiconductor technologies and applications and help achieve both the digital and green transition...