The European Commissioner for Technological Sovereignty, Security, and Democracy, Vera Jourova, announced that the European Union will allocate 525 million euros to support startups focused on semiconductor design.
During the launch event for a new European semiconductor design platform, Jourova stated that this funding aims to accelerate the growth of startups and enhance Europe’s competitiveness in the semiconductor industry.
Jourova emphasized that strengthening Europe’s global position in the semiconductor sector requires the development of European capabilities in chip design. She noted that chip design is a critical component of modern technological supply chains.
The new European platform will provide startups with access to design tools, technical services, intellectual property, and manufacturing capabilities. This initiative will support innovation and expedite product development in this vital sector.
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