SEMI Europe Chips Act Report and Recommendations

This document is a report detailing the implementation and impact of the European Chips Act, which has been in effect since September 2023. The report outlines the strategic importance of semiconductors in the modern digital economy and highlights the challenges faced by Europe in maintaining its position in the global semiconductor landscape. It discusses the significant investments mobilized by the Chips Act, totaling €69 billion, aimed at enhancing semiconductor manufacturing and research capabilities within the EU. The report also presents 30 recommendations for a second iteration of the Chips Act, referred to as Chips Act 2.0, which aims to address the entire semiconductor supply chain, from research and development to manufacturing. The recommendations emphasize the need for pragmatic reforms to improve efficiency, inclusiveness, and competitiveness, while fostering cooperation with industry and maintaining openness to global partnerships. The document is based on extensive consultations with industry stakeholders and aims to provide a comprehensive framework for strengthening Europe's semiconductor ecosystem.