The Chips JU Innovation Action focuses on introducing new technologies, methods, and innovative products through technology introductions, pilot lines, testing, and market replication. These activities aim to validate new technologies in real-life settings and achieve economic viability at TRL 5-8. The IA proposals involve industrial consortia, innovative technology, and the establishment of realistic innovation environments. The projects funded aim to develop and apply innovative technologies across different domains to create short to midterm economic value in Europe. The key is to create a balanced portfolio of projects that develop and apply technologies, meeting both supply and demand sides of technology development. The size of the proposal is not a criterion for evaluation, emphasizing the importance of a diverse mix of small and large projects for effective implementation.