The CHIPS and Science Act is a U.S. federal law that provides 250 billion dollars to bolster US semiconductor capacity, boost domestic R&D, create regional high-tech hubs and a invests in a bigger, more inclusive STEM workforce.

The EU Chips Act was drafted to tackle the current shortage of semiconductors in Europe. It should ensure that the EU semiconductor ecosystem is strengthened, increases its resilience and reduces its dependence on non-European stakeholders.