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.