📊Executive Summary

The European Union is advancing its semiconductor independence through the proposed European Chips Act, aimed at enhancing microelectronics research, design, and manufacturing capabilities. With the global chip shortage as a backdrop, this legislation seeks to establish a robust semiconductor ecosystem within Europe by 2030, with a focus on attracting foreign direct investments. The EU plans to allocate a significant portion of its COVID-19 recovery fund to digital projects, including microelectronics. Notably, major chipmakers like Intel and TSMC have shown interest in investing in European manufacturing, which could reshape the supply chain landscape and reduce dependency on Asian foundries....