European Chips Act
The EU framework to strengthen Europe's semiconductor ecosystem, in force since 2023.
Primary text
Regulation (EU) 2023/1781 (European Chips Act) (opens in a new tab)
The regulation on EUR-Lex is the authority. Member states run their own aid schemes under it, approved by the European Commission.
Key facts
- The EU plans about $47 billion of public funding for its chip industry.Source: McKinsey on Semiconductors, No. 9, March 2024, p. 20. Primary source named in the report: European Chips Act.
- Its goal is a 20% share of global chip output by 2030.Source: McKinsey on Semiconductors, No. 9, March 2024, p. 20. Primary source named in the report: European Chips Act.
Work in progressA fuller summary of this programme, its instruments and its awards is being written. Suggest a source or a correction
Where to go next
Facts restated in our own words from McKinsey on Semiconductors, No. 9, March 2024, with the printed page. Forecasts are labelled as such and are the report's, not the Hub's. Where the report names a primary source, that source is the authority: check it before relying on a figure. This page is a reference summary, not legal advice.