Global Trade Alert
Global Trade Alert

EU: Approval of the Chips Act, including the establishment of the EUR 3.3 billion Chips for Europe Initiative

Announcement

18 Sep 2023

In September 2023, the European Union approved its Chips Act. The act includes the establishment of the EUR 3.3 billion Chips for Europe Initiative, which provides, among others, blended finance to the semiconductor sector.

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Sep 2023

Revocation date:

31 Dec 2027

Updated: 18 Sep 2023
Capital injection and equity stakes (including bailouts) In force

On 18 September 2023, the European Union adopted the European Chips Act through Regulation (EU) 2023/1781. The Act establishes, among others, the Chips for Europe Initiative with a budget of EUR 3....

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Updated: 18 Sep 2023
State loan In force

On 18 September 2023, the European Union adopted the European Chips Act through Regulation (EU) 2023/1781. The Act establishes, among others, the Chips for Europe Initiative with a budget of EUR 3....

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Updated: 18 Sep 2023
Financial grant In force

On 18 September 2023, the European Union adopted the European Chips Act through Regulation (EU) 2023/1781. The Act establishes, among others, the Chips for Europe Initiative with a budget of EUR 3....

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