To address this issue, the union aims to boost its domestic industry by implementing new legislation.
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We are calling for fresh funding that reflects the strategic importance of Europes chips sector.
Europes partners and competitors are also investing heavily in their semiconductor facilities, skills, and innovation.
The European Parliament is now ready to begin talks with the Council on both bills.
If negotiations are successful, the Chips Act could be a game changer for Europe.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
