Last straight for the Chips Act. Presented last year, this text, which aims to boost the global production of electronic chips in the EU, should obtain its final blessing on April 18, during the monthly session of the European Parliament in Strasbourg. During this, the details of the financing of this new legislation must be finalized, which could lead to an agreement in stride between EU member states, the Commission and the European Parliament, according to sources familiar with the matter. cited by Reuters.
The Chips Act plans to mobilize €43 billion to increase the EU’s share of global semiconductor production to 20% by 2030, from less than 10% today. The objective of this law is to enable Europe to better protect itself against future shortages of electronic components, by reducing its dependence on Asia, which alone concentrates 80% of world production. Electronic chips have indeed become a rare and particularly coveted commodity, in a context of explosion in demand caused by the Covid-19 pandemic.