From Crisis to Strategic Vision: Shaping the Chips Act 2

The Chips Act 1 was a timely crisis response that mobilised investments in Europe’s semiconductor sector. However, its implementation revealed a number of important shortcomings: overambitious targets, fragmented execution, insufficient industry involvement, slow processes, overly narrow scope. In the face of intense global competition and new technological challenges, a second, more strategic Chips Act is now needed to secure Europe’s competitiveness and resilience.

The Chips Act 2.0 should focus on the following three  strategic objectives:

1. Competitiveness – Enabling EU’s semiconductor industry to compete globally in terms of technology and price.
2. Technological Leadership – Focusing on those areas in which Europe can lead in global value chains.
3. Indispensability – Ensuring EU capabilities are critical for global markets, thus reducing vulnerability to coercion.

To read our recommendations in full please download the document above.