financetom
Technology
financetom
/
Technology
/
European lawmakers urge Commission to move quickly on Chips Act 2.0
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
European lawmakers urge Commission to move quickly on Chips Act 2.0
Mar 24, 2025 9:50 AM

AMSTERDAM, March 24 (Reuters) - Members of the European

Parliament on Monday urged the European Commission to launch a

new support programme for the region's semiconductor industry

targeting investment in AI chips and other technological gaps.

"Recent geopolitical developments have shown that Europe

cannot take continued access to advanced technologies for

granted," a letter authored by representatives of three major

factions in parliament and signed by 54 lawmakers said.

"We must take active steps to make the EU attractive as an

R&D, production and investment location," it said, criticising

progress made under the original 2023 Chips Act as "too slow".

The plea from the lawmakers follows a similar call from top

European chip industry firms last week.

The Commission has yet to detail plans for the semiconductor

industry, though it has said it intends to launch five packages

this year spurring European investment, notably in AI.

The letter addressed to Commission digital chief Henna

Virkkunen said it was unfortunate those packages do not address

semiconductors, as chips are "at the heart of the EU's

industrial ambitions".

A spokesperson for Virkkunen's office could not immediately

respond.

The first EU Chips Act prompted a wave of investment, but

failed to attract advanced chipmakers after Intel ( INTC ) shelved plans

for a large new factory in Germany.

Addressing that, and other shortcomings, has become more

urgent in light of "current geopolitical realities," the letter

said.

Europe needs to "protect its champions from the consequences

of extraterritoriality and the ever-escalating competition

between the United States and China," the letter said.

Extraterritoriality refers to the practice of a country

enforcing national laws outside its own jurisdiction.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ramsey Theory Group CEO Dan Herbatschek Unveils Ethical AI Roadmap to Drive Transformation — Without Sacrificing Human Jobs
Ramsey Theory Group CEO Dan Herbatschek Unveils Ethical AI Roadmap to Drive Transformation — Without Sacrificing Human Jobs
Sep 29, 2025
NEW YORK, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Ramsey Theory Group, a leading provider of software development, quantitative analysis, information technology, cybersecurity, digital marketing, and product development, announced today a pioneering initiative: the “Ethical AI Roadmap”, a comprehensive framework to help businesses adopt advanced artificial intelligence responsibly — while preserving jobs, safeguarding human dignity, and ensuring inclusive growth. “AI is not...
Mastek Transforms Harmony Australasia’s HR with AI-Powered Oracle HCM Cloud and Redwood UX/UI
Mastek Transforms Harmony Australasia’s HR with AI-Powered Oracle HCM Cloud and Redwood UX/UI
Sep 29, 2025
MUMBAI, India & SYDNEY--(BUSINESS WIRE)-- Mastek (NSE: MASTEK; BSE: 523704), a trusted AI-first digital engineering and cloud transformation partner, today announced the successful implementation of Oracle HCM Cloud Applications at Harmony Australasia, a global mining leader in Australasia. Completed in just 56 weeks, the program has delivered a unified HR platform covering five legal entities and two business units, setting...
3 E Network Technology Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
3 E Network Technology Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Sep 29, 2025
HONG KONG, Sept. 29, 2025 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited ( MASK ) (the “Company” or “3E Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, today announced that on September 25, 2025, it received a deficiency letter (the “Notice”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”)....
YES Receives Multiple VeroTherm™ and VeroFlex™ System Orders from Leading Memory Supplier
YES Receives Multiple VeroTherm™ and VeroFlex™ System Orders from Leading Memory Supplier
Sep 29, 2025
FREMONT, Calif.--(BUSINESS WIRE)-- Yield Engineering Systems (YES), a leading provider of process equipment for advanced packaging for AI and HPC systems, today announced that it has received multiple orders of VeroTherm™ and VeroFlex™ reflow systems from one of the largest memory suppliers. These systems will enable 3D stacking of memory and logic chips for high-performance AI accelerators, driven by large...
Copyright 2023-2026 - www.financetom.com All Rights Reserved