On the 21st local time, the European Chip Act came into effect.。On the same day, the European Commission announced that the program through the "European chip plan," to encourage public and private enterprises to invest in chip manufacturers and their suppliers manufacturing facilities.。The Chip Act aims to create conditions for the development of an industrial base in the European semiconductor sector, attract investment, promote research and innovation, and prepare Europe for a future chip supply crisis.。The EU will raise 43 billion euros in public and private funds (of which 3.3 billion euros will come from the EU budget), with the goal of doubling the EU's share of the global semiconductor market from 10% today to at least 20% by 2030.。