European Semiconductor Industry Endorses Semicon Coalition's Call for Revised EU Chips Act - Cloned

Estimated reading time: 1 minute

SEMI Europe, along with over 75 semiconductor and microelectronics companies, research and technology organizations (RTOs) and trade associations, officially endorse the Declaration of the Semicon Coalition. Signed by all 27 European Union (EU) Member States, the declaration calls for a revised EU Chips Act to strengthen and revitalize Europe's position in the global semiconductor industry.

SEMI Europe welcomes the Council Members' initiative to enhance the current chips framework in Europe to create the appropriate pre-conditions for the semiconductor industry in Europe to strive to achieve its goals. These pre-conditions must favour cross-segment synergies between RTOs and the industry, including small and medium-sized business (SMEs) and startups, while guaranteeing the industrial uptake of pilot lines' R&D outputs and a widened policy toolbox to support the industry's deployment in Europe.

“Building a European ecosystem for semiconductors requires a holistic approach, encompassing synergies with strategic policy initiatives, including economic security, AI and quantum,” said Laith Altimime, President, SEMI Europe. “The EU must set a secured budget line for semiconductors in the next Multiannual Financial Framework (MFF) with simplified procedures and revised competition rules for the industrial uptake of R&D outputs.”

With this joint endorsement, the European semiconductor industry should demonstrate its full support to make semiconductors a highly strategic priority for Europe. SEMI Europe and the letter's signatories call on the European Commission to design an ambitious Chips Act 2.0, which will deliver on regulatory and administrative simplification, incentive programs, faster permitting, grid access, power supply, stable supporting infrastructure, access to talent and secured access to critical raw materials.

Developing a market-driven business case that connects European and global markets while facilitating international partnerships will be key to achieving the EU's strategic objectives.