Multi-Annual Financial Framework Builds on European Chips Act to Strengthen Europe's Competitiveness and Advance Innovation
BRUSSELS, Belgium – July 9, 2025 – Seeking to explore semiconductor policy measures that can strengthen Europe’s industrial ecosystem, SEMI, the European Semiconductor Industry Association (ESIA), the Global Electronics Association (formerly IPC), and the European Association of Automotive Suppliers (CLEPA) have successfully held a roundtable in Brussels, bringing together representatives from the European Commission and national governments.
The 2023 European Chips Act marked an important milestone for Europe’s semiconductor industry and overall industrial ecosystem, providing concrete measures to enhance competitiveness and technological capabilities. In order to build on the success of the Chips Act, the next 2028-2034 Multi-Annual Financial Framework (MFF) – the long-term budget of the European Union – must continue to deliver strategic investments to support manufacturing capabilities, research and development (R&D), supply chain resilience and access to critical raw materials.
“The creation of a new European semiconductor strategy was a focal point of the roundtable discussion, emphasizing on the increasing need to boost the technological capabilities and accelerate innovation across the European semiconductor ecosystem,” said Laith Altimime, President, SEMI Europe. “We look forward to continuing our discussions with the European Commission to make sure the MFF effectively supports the semiconductor industry’s pivotal role in technology advancement.”
SEMI applauded the ongoing initiatives of European policymakers, together with the progress already made to bolster the European semiconductor ecosystem. Nevertheless, considering the existing concerns and challenges of industry raised during this forum, the European semiconductor ecosystem requires a holistic approach that decisively supports competitiveness while preserving supply chain resilience and security in the longer term.
SEMI will continue to engage with the relevant policymakers and stakeholders to create a policy framework that can strengthen the entire European semiconductor supply chain while preserving technological competitiveness.
SEMI Europe Advocacy
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About SEMI
SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management, and other programs. Our SEMICON® expositions and events, technology communities, standards, and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services, and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
Contact Information:
Stefano Orlando / SEMI Europe
Phone: +32 471 55 65 01
Email: [email protected]
Samer Bahou / SEMI Corporate
Phone: +1 408 943 7870
Email: [email protected]
