All 27 EU States Back Dutch-Led Coalition's Chips Act Revision

All 27 European Union member states have united in support of the Dutch-led Semicon Coalition's call for a revised EU Chips Act 2.0 to strengthen the continental semiconductor industry amid growing geopolitical challenges. The coalition's declaration, presented by Dutch Minister Vincent Karremans, outlines five priorities: enhancing the semiconductor ecosystem through industry and research cooperation, better alignment of EU and national funding, accelerating strategic project approvals, building a talent pipeline, promoting sustainable production, and fostering international partnerships while preserving European strategic autonomy. The original 2022 Chips Act aimed for Europe to capture 20% of the global semiconductor market by 2030 with €43 billion in funding, but current projections suggest only 11.7% market share will be achieved, leading to calls for a quadrupling of investment and more targeted support. Industry players, including Nvidia, ASML, and STMicroelectronics, have endorsed the coalition, emphasizing the urgency to adapt Europe's industrial strategy to geopolitical tensions and meet rising demands in AI, automotive, energy, and defense. The coalition advocates for speeding approvals, mobilizing private capital, and reinforcing Europe's position in the global semiconductor supply chain.