EU pushes for Chips Act 2.0 investment as it looks set to miss global silicon production targets by a wide margin — seeks quadrupling of semiconductor investment as $50 billion initiative flounders

The EU is falling short of global silicon production targets and is seeking to quadruple semiconductor investment under the Chips Act 2.0. The initial Chips Act allocated $50 billion for semiconductor manufacturing, chip design, and supply chain improvements but is not on track to meet its goals. A Dutch-led coalition, supported by industry groups and major semiconductor manufacturers, aims to revise the Act to provide more targeted support for the EU semiconductor industry. The coalition also seeks faster infrastructure approvals, improved access to skills and finance, and a separate budget exclusively for semiconductor manufacturing and investment.