Semiconductors for Europe’s economic growth, industrial competitiveness, and digital sovereignty

While the European Chips Act 1.0  (ECA) successfully elevated semiconductors to a strategic priority and unlocked unprecedented policy instruments and investments in Europe, its impact has fallen short of Europe’s overall ambition – especially as other nations have also increased their achievements. The industry-driven ECA 2.0 focuses on transforming the current framework into a structural, long-term industrial policy. The objective is to create conditions that support demand, enhance resilience, and improve the overall framework to unlock investments. ECA 2.0 will be an integral part of a wider, market-driven European technology strategy. It will be implemented faster, become larger in scale, demand-driven, and governed through genuine public–private partnership. Finally, it will enable Europe to compete with the US and Asia, while reinforcing strategic sovereignty, resilience, and innovation leadership.