Deep Dives

EU Allocates €8B in Chips and Microelectronics

June 9, 2023
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The European Union has approved a large funding initiative to advance the development of microelectronics and communication technologies, particularly focusing on chips. The initiative includes many member states and diverse companies, with projects aimed at producing resource-efficient technologies and components.

Major Funding Initiative: The European Union (EU) has sanctioned €8.1 billion for improving the microelectronics and communications sector.
  • This aid package is a part of the "Important Projects of Common European Interest" (IPCEI) program.
  • The program simplifies the procedure for securing public funds.

  • Scope of Projects: The funding will be allocated to 68 projects across 14 EU member states.
  • These states include Germany, France, the Netherlands, Austria, and more.
  • A total of 56 companies will be involved, ranging from big enterprises like Airbus and ASML to startups and SMEs.

  • Targeted Technology: The projects will focus on developing "resource-efficient technologies and components."
  • These components encompass chips, sensors, and processors among other elements.
  • They also involve the development of new materials and tools, as well as chip design and manufacturing processes.

  • Purpose and Impact: The intention of the IPCEI is to leverage emerging technologies to enhance various sectors.
  • These sectors include 5G and 6G telecoms, autonomous driving, AI, and quantum computing.
  • First products are expected to hit the market by 2025, with the entire project completion estimated in 2032.
  • The initiative hopes to trigger an additional €13.7bn in private investments, totalling its impact to €22bn.

  • Future Endeavours: The EU is also working on its Chips Act.
  • The goal of this Act is to stimulate domestic semiconductor chip production.
  • By 2030, the EU aims to capture at least 20% of the global chip market share.

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