EU Commission Proposes Chips Act 2.0 to Boost Domestic Production and Reduce Dependencies

The European Commission has adopted a proposal for the Chips Act 2.0, introducing new measures to further boost the chips industry, reduce strategic dependencies, and support advanced chip production within the EU. The initiative aims to reinforce Europe's strengths in mainstream chips and build capacity in cutting-edge semiconductor technologies, ensuring a secure and resilient supply chain. This move is crucial as the EU remains dependent on third countries for advanced chip manufacturing and semiconductor design.