EU launches EUR 525 million European Chip Design Platform to support semiconductor start-ups
The European Chip Design Platform will mobilise EUR 525 million to support a new generation of European chip design companies and strengthen Europe’s position in the semiconductor value chain.
The platform will give start-ups and SMEs access to chip design tools, intellectual property blocks, design support services and manufacturing capacity. Early-stage start-ups may receive grants of up to EUR 100 000 for proof-of-concept prototyping, whilst more developed start-ups may apply for grants of up to EUR 16 million to support chip development towards commercialisation.
The initiative is backed by EUR 440 million in public investment from the EU and participating Member States, together with EUR 85 million for the platform’s infrastructure, support services and open-source design tools. Of the total funding, EUR 285 million comes from the EU budget and EUR 240 million from participating States in the Chips Joint Undertaking.
The initiative forms part of the EU Chips Act and aims to strengthen Europe’s chip design capacity, reinforce semiconductor supply chains and reduce external dependencies.
For more information, see the Commission’s PR.