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2026-06-09
TechInsights
Chips Act 2.0 - Can €120 Billion Buy Europe a Seat at the AI Chip Table?
2 Min Read June 08, 2026
Europe’s Chips Act 2.0 aims to boost AI independence with €120B in funding, a flagship AI foundry, and new safeguards against foreign providers.
The European Commission unveiled Chips Act 2.0 on June 3, 2026, shifting from the original act's ineffective supply-side subsidies to a dema