The European Commission officially introduced the new European Chips Act 2.0, a new milestone forward Europe’s ambition to strengthen its semiconductor competitiveness, resilience and technological sovereignty.
The original Chips Act adopted in 2023 marked the EU’s first coordinated response to critical vulnerabilities in the global semiconductor supply chain. At that time, the SiNANO Institute released a Position Paper to support this initiative. The Chips Act 1 helped mobilise more than €52 billion in public and private investment, created an estimated 46,000 direct and indirect jobs, and strengthened Europe’s research and innovation capacity in semiconductors.
The Chips Act 2 builds on and expands the ambition to strengthen Europe’s semiconductor industry and reduce strategic dependencies, boost demand for chips, and support the design and production of advanced and mainstream chips in the EU.
The global semiconductor market is rapidly evolving. By 2030, it is expected to reach €1.37 trillion, with AI-related components driving around 70% of that growth. The Chips Act 2.0 is designed to ensure that Europe captures a larger share of this opportunity, while strengthening areas where we already excel.
The main objectives of the Chips Act 2
- Improving conditions for investment and competitiveness
- Stimulating demand and industrial uptake
- Reinforcing supply-side measures
- Increasing resilience and reducing dependencies
