European Chips Act (2023)
The EU adopted a law to double its share of global chip production to 20% by 2030, mobilizing more than €43 billion in public and private funding. It created a fast-track approval process for state aid to semiconductor fabs.
Several European fab projects received state aid approvals, including Infineon's Dresden plant.
The act is the policy backbone behind the €319 million Villach aid and the broader effort to reduce Europe's reliance on Asian chip manufacturing.
The Villach expansion is one of the first major GaN-specific projects funded through the Chips Act framework.
