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MEPs Ramp Pressure For Second EU Chips Act

  • MEPs have called for a new plan to support the EU's semiconductor industry, including advanced AI chips, due to concerns over the slow pace of the Chips Act of 2023.
  • Lawmakers are emphasizing the need for greater technological self-sufficiency in the EU, citing recent geopolitical tensions as a reason.
  • The call to action includes making the EU an attractive location for R&D, production, and investment, and protecting EU champions from external competition.
  • Industry groups are also pushing for a second Chips Act to support semiconductor manufacturing, design, materials, and equipment.

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