EU proposes Chips Act 2.0 to boost domestic demand
The European Commission aims to incentivize governments to buy chips from local startups. The new Chips Act 2.0 seeks 120 billion euros in total investment funds.
Xurve View
Xurve View
The European Union is proposing a "Chips Act 2.0" to drive €120B in semiconductor investment by 2035. The plan shifts focus to demand-side incentives after the original 2021 act struggled to reach a 20% global market share. This prioritizes local startups to reduce reliance on the United States and China.
