The worldwide demand for chips grows rapidly and is expected to double by 2030. Europe must ensure its security of supply within the global industrial value chain. The EU Chips Act aims to build on Europe’s strengths and address outstanding weaknesses. It will mobilise more than € 43 billion of public and private investments to strengthen the semiconductor ecosystem, production capacities and resilient supply chains. And finally, it will set measures to prepare and respond to future supply chain disruptions, together with EU Member States and our international partners. With this Europe is laying the foundations for technologies that are not yet available there today. Research and technology organizations play a strong role as partnerships with like-minded partners do. And besides all this, one of the most important factors is the sufficient availability and training of skilled workers.