The European Union’s planned Chips Act II would allow the European Commission to
invest directly in semiconductor manufacturing, expanding beyond its previous
role of funding research and approving state aid, according to draft details.
Expected in late May, the proposal aims to strengthen Europe’s chip industry and
reduce reliance on foreign supply chains through large cross-border
public-private projects. It also seeks to boost development of key technologies
such as chipmaking machinery, materials, and circuit boards. The draft remains
subject to change and must undergo negotiations among EU governments and the
European Parliament before approval.
