Securing the supply of semiconductors to Europe
An assessment of the EU Chips Act.
Drawing lessons from the ongoing shortages in chip supply, the United States, China and the European Union are adopting industrial policies to secure semiconductor supply chains as well as economic and technological competitiveness. The EU Chips Act, announced in February 2022, represents a real break in Europe's industrial policy. Are semiconductors the new oil? The answer might be more complicated than just yes or no. Giuseppe Porcaro, Niclas Poitiers and Pauline Weil unpack the economics and geopolitics behind the Chips Act.
Related content
A new direction for the European Union’s half-hearted semiconductor strategy
The EU needs a more targeted strategy to increase its presence in this strategic and thriving sector, building on its existing strengths, while accomm
Opaque and ill-defined: the problems with Europe’s IPCEI subsidy framework
Lack of strict governance and transparency creates serious risk that fair competition within the single market will be undermined.
Is the EU Chips Act the right approach?
Measures to safeguard semiconductor supplies proposed in the Chips Act could prove to be wrongly focused, could tip over into harmful protectionism.
Fishing for Chips: Assessing the EU Chips Act
The EU Chips Act, announced in February 2022, represents a real break in Europe's industrial policy.