ANTWERP, Belgium - The European Chips Act is on track to help attract more than 100 billion euros worth of private investment to the European semiconductor industry by 2030, a European Commission official said on Wednesday.
The European Chips Act has led to "promises for investments of the order of 100 billion euros to expand the manufacturing capacity within the EU by 2030", Skordas said.The European Union Chips Act, billed as offering funding of 43 billion euros, relies heavily on individual governments with the Commission so far approving very little actual funding.
Skordas, an official at the Commission's digital unit, said the commission expects to finalise funding for R&D pilot lines in four sub-sectors of the chip industry by September, including a 2.5 billion euro grant for developing extremely advanced chips in Europe. The Commission is also arranging funding for a European design platform to give companies, academics and startups access to the software tools needed to design their own chips. Most advanced chipmakers design chips but leave the manufacturing to specialists such as TSMC, Samsung or Intel.