The European Union is taking strategic steps to bolster its semiconductor industry and reduce dependency on global competitors. With less than a 10% share in global semiconductor production and intensifying international competition, the EU has introduced the European Microchips Act to secure its digital sovereignty.This legislation, organized around three pillars, aims to ensure supply security, resilience, and technological leadership in semiconductors:The "Microchips for Europe" initiative facilitates knowledge transfer from research to production, fostering innovation and supporting the industrialization of cutting-edge technologies. It benefits from €3.3 billion in EU funding, supplemented by member states' contributions.The second pillar encourages investments in semiconductor production facilities, strengthening manufacturers and supply chains. It establishes a framework for advanced production facilities eligible for state aid, subject to Commission approval.The third pillar establishes a crisis management mechanism for monitoring and addressing semiconductor supply issues. It allows for proactive management of disruptions and prioritizes products affected by shortages.The EU aims to increase its global semiconductor production share from below 10% to 20%. The pandemic highlighted supply chain vulnerabilities, including semiconductor shortages, impacting industries and consumers. These measures seek to mitigate such risks, promoting autonomy and security in Europe's semiconductor sector.