EU Chips Act: The EU Strategy to Level the Semiconductor Playing Field and Safeguard its Digital Sovereignty

This IDC Market Perspective analyzes the EU Chips Act, the European Commission's supply-side policy to bolster the semiconductor industry and market in the continent while seeking to support the digital sovereignty of the EU. Additionally, the report explains the context in which the policy was enacted and the mechanisms through which it operates. The report also analyzes the challenges to the policy's full realization and the developments of future policy that may be proposed by the EU to complement the EU Chips Act. Similarly, the report also brings light to the positive net economic effects of the further growth of the semiconductors industry. Finally, the report presents the most palpable opportunities in the EU, explaining the economic geographic magnet of the union."Organizations need to be aware of the available business and investment opportunities opened up by policies such as the EU Chips Act and how to position themselves to make the most out of it, especially in Europe where digital technologies are seen as the core of economic growth," said Anielle Guedes, senior research analyst, IDC European Customer Insights & Analysis group.