Insiders: The EU will allow EU agencies to invest directly in the chip manufacturing sector.

According to informed sources, the revised European Union's semiconductor industry revitalization plan will allow EU executive agencies to directly invest in the chip manufacturing sector. The new version of the "Chip Act 2.0", expected to be released in late May, aims to improve the initial law enacted in 2022. Its goal is to help Europe increase its investment in key semiconductor technologies and reduce dependence on overseas supply chains. Anonymous informants said that the draft law will authorize the European Commission to directly invest in large cross-border semiconductor projects, whereas previously, the European Commission was only allowed to fund research projects and approve subsidies from member state governments. Informants stated that projects supported by the European Commission will still use a public-private partnership model. The sources also revealed that the new version of the law will focus on promoting the development of key supporting technologies for chip manufacturing, including semiconductor equipment, raw materials, and circuit boards.