On Wednesday 10 May, Member States’ ambassadors to the European Union gave the green light to the European Parliament/EU Council provisional agreement on the ‘Chips Act’ regulation. The text still needs to be legally revised, translated and approved by the European Parliament before being formally adopted by the EU Council. This will probably not happen until September 2023.
The co-legislators agreed on 18 April (see EUROPE B13164A3) on the regulation and specifically on the amount...