European Commission launches Chips Joint Undertaking under the European Chips Act

The European Semiconductor Board was established by the European Commission to provide advice regarding the implementation of the European Chips Act and to encourage international cooperation. The Chips (JU) plan was enacted.

The Chips Joint Undertaking (Chips JU) has been officially launched by the European Commission to improve technological leadership and strengthen the European semiconductor ecosystem. This drive, part of the Chips for Europe Drive, is set to get almost €11 billion in subsidizing by 2030 from the EU and taking part states.

The Chips Joint Venture will support quantum chip technology, establish pre-commercial pilot lines, and bridge the gap between research and industry by establishing a cloud-based Design Platform.

In addition, the inaugural meeting of the European Semiconductor Board, which was established to provide advice regarding the European Chips Act, was centered on supply chain resilience and crisis response.

Projects on cutting-edge semiconductor nodes, heterogeneous system integration, wide bandgap semiconductors, and advanced transistor architecture are included in the EU’s first call for funding for Chips pilot lines, totaling €1.67 billion.

Pilot line proposals must be submitted by the beginning of March 2024. The Chips Act, which was proposed in February 2022 and will take effect in September 2023, aims to improve the semiconductor industry in Europe.