European Commission proposes Chips Act 2.0 to strengthen semiconductors

The European Commission has submitted Proposal COM(2026)504 to repeal Regulation (EU)2023/1781 and adopt a revised ‘Chips Act 2.0’ to strengthen the Union’s semiconductor ecosystem.

• Main announcement: The Commission proposes a Regulation establishing the Chips for Europe Initiative 2.0 (Pillar I), new security-of-supply and demand measures (Pillar II), and enhanced monitoring and crisis response (Pillar III); it recognises strategic projects and ‘European semiconductor technology initiatives’, aims for pilot production in 2030-2033, and sets a legal/permitting framework (e.g., 12-month permit timelines and fast-track provisions).
• Key details and timelines:EUR 52 billion is cited as already committed in public/private investments under Pillar II; the Commission will develop an EU Blueprint for semiconductor crisis management by Q2 2027; the Business-to-Business Semiconductor Supply Chain Platform initial operational support ~EUR 70 million; strategic priority given to an open foundry for advanced semiconductor manufacturing and demand-side measures linked to CADA and data-center expansion.