Global production shortfall of nearly 10m vehicles in 2021 highlights urgent need for EU Chips Act. Via ECG Association.

Speed is of essence for an EU comprehensive semiconductor investment plan, as other regions move ahead. 

CLEPA publishes a policy guide with concrete actions to ensure the success of the upcoming EU Chips Act. 

The chips shortage continues to pressure industry and presents a significant to existential challenge for automotive suppliers, highlighting the need for a dedicated semiconductor strategy and tangible action from policymakers. European automotive suppliers welcome the European Commission’s initiative for an EU Chips Act, due to be published on 8 February, and present four concrete actions to make the EU’s semiconductor strategy a success. 

Keep reading this article on the ECG Association blog.