The European Union has launched its largest Chips Act pilot line, NanoIC, at IMEC Leuven, a major milestone for European semiconductor development and manufacturing. With a total investment of โฌ2.5 billion, the facility has received โฌ700 million in EU funding, โฌ700 million from national and regional governments, and the remainder from ASML and other industry partners. NanoIC will accelerate the development of next-generation semiconductor technology, essential for the development of AI, autonomous vehicles, healthcare and 6G mobile technology.