The European Parliament has adopted a legislative resolution on the proposal for a regulation establishing a framework of measures for strengthening Europe's semiconductor ecosystem, also known as the Chips Act. The resolution was adopted in the first reading and is based on the Commission proposal and the Treaty on the Functioning of the European Union. The resolution was also based on the opinion of the Committee on Legal Affairs, the European Economic and Social Committee, and the Committee of Regions. The Council representative gave an undertaking to approve Parliament's position in accordance with Article 294(4) of the Treaty on the Functioning of the European Union. The resolution aims to strengthen Europe's semiconductor ecosystem and ensure the security of supply of semiconductor products.
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