📊Executive Summary

The European Union is significantly increasing its investments in the semiconductor ecosystem, driven by the European Chips Act, which has mobilized over €80 billion to date. Despite this, Europe still holds only a 10% share of global chip production, facing competition from other regions. Key investments include a new factory in Dresden by a joint venture involving TSMC and other major players, aimed at manufacturing advanced chips for automotive and AI sectors. Additionally, TSMC is establishing a design center in Munich to enhance chip design capabilities in Europe. The article highlights the need for further investment in skilled labor and raw materials to support this growth....