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European Union approves €43 billion Chips Act to boost semiconductor production

The European Union has passed a €43 billion Chips Act. It will enhance the production of semiconductors in the region.

July 27, 2023 · 1 min · 65 words · Matthew Hammond

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With the Chips Act, Europe will be a frontrunner in the world semiconductors race.

We can already see it in action: new production plants, new investments, new research projects.

Intel CPU with motherboard socket

The Act will be passed three days following its publication.

Admittedly, there’s a lot of work to be done.

Intel research and development office in Matam business park in Haifa.

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Nvidia CEO Jensen Huang addresses participants at the keynote of CES 2025 in Las Vegas, Nevada, on January 6, 2025.

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