Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » MEPs ready to start talks on new boost for EU chips industry

    MEPs ready to start talks on new boost for EU chips industry

    npsnps16 February 2023 Research & Technology
    — Filed under: EU News European Parliament Headline2 Internet
    Share
    Facebook Twitter LinkedIn Pinterest Email
    MEPs ready to start talks on new boost for EU chips industry

    Chip – Image © Andrew Barker – Fotolia

    (STRASBOURG) – Euro-MPs agreed Wednesday a draft bill to secure the EU’s supply of chips by boosting production and innovation, and setting up emergency measures against shortages.

    The European Parliament was setting its negotiating position on two draft bills: one on the “Chips Act”, which aims to bolster technological capacity and innovation in EU Chips, and a second one on the Chips Joint Undertaking to increase investments for developing this type of European presence.

    With recent shortage of semiconductors highlighting Europe’s dependence, the main focus of the new laws is to increase the EU’s share in global production capacity of semiconductors to 20%.

    On the Chips Act, MEPs endorsed the text adopted by the Industry Committee, which focusses on next-generation semiconductors and quantum chips and on creating a network of centres to address the skills shortage and attract new talent on research, design and production. They also want to support projects aiming to boost the EU’s security of supply by attracting investment and building up production capacity.

    A crisis response mechanism would be set up, with the Commission assessing the risks to the EU supply of semiconductors and early warning indicators in member states that could trigger an EU-wide alert. This would allow the Commission to implement emergency measures such as prioritising the supply for products particularly affected, or carry out common purchasing for member states.

    In a separate vote, MEPs adopted the Chips Joint Undertaking proposal, implementing the measures foreseen under a “Chips for Europe” initiative. The scheme aims to support large-scale capacity building through investment into EU-wide and openly accessible research, development and innovation infrastructure.

    “The EU Chips Act should establish Europe as a key player in the global semiconductors arena,” said the Parliament’s rapporteur on the Chips Act Dan Nica MEP, adding: “Not only does the budget need to be commensurate with the challenges and funded through fresh money, but the EU should lead in research and innovation, have a business-friendly environment, a fast permitting process and invest in a skilled work force for the semiconductor sector. Our goal is to ensure growth in Europe, prepare for future challenges and have in place the right mechanisms for future crises.”

    The Parliament will now start talks with the Council on both files.

    Further information, European Parliament

    Adopted text (14.02.2023)

    Procedure file: Chips Act

    Procedure file: Chips joint undertaking

    European Chips Act: Communication, Regulation, Joint Undertaking and Recommendation

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Parmelin - von der Leyen - Photo by Dati Bendo © European Union 2026

    EU and Switzerland strengthen ties with package of agreements

    Small businesses - Photo by Fox on Pexels

    Navigating the European Union’s Strategy for Startup and Scaleup Businesses: Guide for Entrepreneurs

    Lithium producing plant - Photo by Glenn Arcos © European Union 2023

    Strategic EU projects on critical raw materials gain momentum

    EUSPA logo

    Senior Legal and Procurement Officer, European Union Agency for the Space Programme, EUSPA

    Director of Programmes, European Organisation for Astronomical Research in the Southern Hemisphere, ESO

    Melanie Joly and Henna Virkkunen - Photo © European Union 2025

    AI, digital ID wallets, independent media the focus for strengthened EU-Canada partnership

    LATEST EU NEWS
    Meat shop - Photo by Ryan Ladd on Unsplash

    EU moves to protect meat terms from vegetarian takeover

    6 March 2026
    Michael McGrath - Photo © European Union 2026

    Cosmetics the most dangerous products on EU market

    5 March 2026
    Global warming - Image by Tumisu from Pixabay

    Final green light for amended EU climate law

    5 March 2026
    Hamburg shipyard - Image by Manne1953 from Pixabay

    EU adopts maritime strategy for ports, shipping and shipbuilding

    4 March 2026
    Stéphane Séjourné - Photo © European Union 2026

    EU boost for manufacturing with clean products ‘made in Europe’

    4 March 2026

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness, 117 High Street, Chesham Buckinghamshire, HP5 1DE, United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2026

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?