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European Chip Industry Calls for Revised Chips Act to Boost Competitiveness

European Chip Industry Calls for Revised Chips Act to Boost Competitiveness

Author:

Global Cryptocurrency

Published:

2025-11-18 16:29:02

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BTCCSquare news:

Europe's semiconductor sector is pushing for a pragmatic overhaul of the Chips Act 2.0, citing fears over the bloc's global competitiveness. SEMI Europe, representing key industry players, has submitted formal recommendations ahead of the EU's 2026 review, urging streamlined state aid approvals and expanded funding access.

The current framework restricts support to novel projects, a limitation SEMI argues stifles broader production capacity growth. The group proposes €20 billion in dedicated funding for chip investments, targeting advanced manufacturing and R&D. A single regulatory contact point and binding approval deadlines are also recommended to accelerate capital-intensive initiatives.

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