Launched on 4 November, the European Chip Design Platform will mobilise €525 million in investment to stimulate a new generation of European chip design companies.

Executive Vice-President for Tech Sovereignty, Security and Democracy, Henna Virkkunen launched the project, a key initiative under the EU Chips Act.

Chip design is a core stage of the semiconductor value chain, where much of the industry’s innovation emerges. European chip design companies currently account for less than 1% of global revenues in this segment. New manufacturing capacity in Europe will only be sustainable if there is enough demand for it, and much of that demand has to come from European designers.

Komu European Chip Design Platform will give chip design companies access to chip design tools, design support services, intellectual property blocks, as well as access to manufacturing capacity on the platform. These resources are often the most expensive and the hardest to access for early-stage companies.