The report highlights the insights from "The state of the semiconductor market in Europe and the world" webinar organised by the ALLPROS.eu on 29/01/2024. The webinar provided a comprehensive exploration of the semiconductor market, both in Europe and globally, focusing on the state of the industry and the European Commission's semiconductor policy. It particularly highlighted the pivotal role of the Chips JU initiative in enhancing Europe's design capacity and fostering technological advancement and economic competitiveness as well as the skill-related challenges faced by the semiconductor industry and the projects working to resolve them, with a focus on university-industry partnerships.