Regulation (EU) 2023/2055 on the European Chips Act

Overview

The European Chips Act strengthens the EU’s semiconductor ecosystem through measures to boost innovation, production capacity, and supply chain security. It establishes the Chips for Europe Initiative (CHIPS JU) to support research and development, the Semiconductor Fund to facilitate access to financing, and a coordination mechanism for monitoring and responding to supply chain disruptions. The regulation provides for crisis measures including priority orders and common purchasing. The strategic objective is to double the EU’s global market share in semiconductors to 20% by 2030, reducing dependence on a limited number of suppliers and strengthening the EU’s technological sovereignty.

This eu regulation (32023R2055) is part of the EU’s legal framework governing technology. EU technology regulation strengthens the semiconductor ecosystem through measures to boost innovation, production capacity, and supply chain security.

Type: EU Regulation

CELEX Number: 32023R2055

Date of Effect: See the official publication in the Official Journal of the European Union.

Key Provisions

Regulation (EU) 2023/2055 on the European Chips Act establishes the core legal framework in this field. For specific provisions, articles, and implementing measures, consult the full text on EUR-Lex.

Significance

This legislation represents a key component of EU law in the area of technology. It reflects the EU’s approach to harmonization and regulatory policy within the internal market framework.