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1. The voting rights in the Public Authorities Board shall be assigned to the public authorities on an annual basis in proportion to their financial contribution to the activities of the Chips Joint Undertaking ◄ for that year in accordance with Article 12, and with an upper limit for any given member of 50 % of the total voting rights in the Public Authorities Board.

2. For the purposes of Article 134(1) and (2), the Public Authorities Board shall include only the Member States. Paragraph 1 of this Article shall apply mutatis mutandis.

2a. For the purpose of Article 137, point (aa), and for the selection of proposals corresponding to the implementation of the Chips for Europe Initiative under Article 137, point (d), the Public Authorities Board shall include only the Commission and Member States. Paragraph 1 of this Article shall apply mutatis mutandis.

3. If fewer than three participating states have communicated to the Executive Director their financial contribution according to Article 12(3), the Commission shall hold 50 % of the voting rights and the remaining 50 % shall be distributed equally amongst the participating states until such time as more than three Key Digital Technologies participating states have communicated their contribution.

4. The public authorities shall make every effort to adopt decisions by consensus. Failing consensus, a vote shall be held. A decision shall be adopted by a majority of at least 75 % of the votes including the votes of the participating states who are absent, but excluding abstentions.

5. The Public Authorities Board shall elect its chairperson from among its members for a period of at least two years.

6. The chairperson may invite other persons to attend its meetings as observers, in particular representatives of regional authorities within the Union, representatives of SME associations and representatives of other bodies of the Chips Joint Undertaking ◄ .

7. The Public Authorities Board shall hold its ordinary meetings at least twice a year. It may hold extraordinary meetings at the request of the Commission or of a majority of the representatives of the participating states, or at the request of the chairperson. The meetings of the Public Authorities Board shall be convened by its chairperson and shall normally take place at the seat of the Chips Joint Undertaking ◄ .

8. The quorum of the Public Authorities Board shall be constituted by the Commission and at least three participating states’ lead delegates.

9. The Executive Director shall attend the meetings of the Public Authorities Board meetings, unless decided otherwise by the Public Authorities Board, but shall have no voting rights.

10. Upon invitation from the Public Authorities Board, any Member State or associated country that is not a member of the Chips Joint Undertaking ◄ may participate in the Public Authorities Board meetings as an observer. Observers shall receive all relevant documents and may give advice on any decision taken by the Public Authorities Board. All such observers will be bound by the confidentiality rules applying to the Public Authorities Board members.

11. The Public Authorities Board may appoint working groups where necessary under the overall coordination of one or more public authorities.

12. The Public Authorities Board shall adopt its own rules of procedure.

13. Articles 11(8) and 28(6) shall also apply mutatis mutandis to the Public Authorities Board.