EU-27: Adopted EU Parliament position on Chips Act including subsidies and industrial policies measures

On 24 January 2023, the European Parliament Committee on Industry, Research and Energy (ITRE committee) adopted its Report on the Regulation establishing a framework of measures for strengthening Europe's semiconductor ecosystem (Chips Act). In its Report, the Parliament maintained the proposed investment issued by the European Commission. Under the adopted Report, the EU would invest through the Horizon Europe and Digital Europe programmes EUR 1.65 billion and EUR 1.65 billion in projects supporting the development of the EU semiconductor sector. Furthermore, under the proposed amendments, the Parliament stressed the need for funding research and projects involving "next-generation semiconductors" and processors for quantum computers. Finally, the Report stressed that the funds allocated to semiconductors should not reduce investments for other research and projects under Horizon Europe. The ITRE committee voted to enter into negotiations with the Council of the European Union. The negotiations will start if there is no request for a plenary vote during the session from 13 to 16 February 2023.