India, Aug. 5 -- The EU Chips Act 2.0 proposal is a positive step towards strengthening the European semiconductor ecosystem. However, its success critically depends on substantial and predictable funding, which remains to be secured.

Making the EU more attractive to domestic and international investment is essential to boost European competitiveness, indispensability and resilience in the global semiconductor value chain.

The Chips Act 2.0 reflects many DIGITALEUROPE priorities, including stronger links between semiconductor innovation, manufacturing, and downstream industrial demand. Key recommendations to further strengthen the legislative proposal are:

Close the funding gap and prioritize strategic investments: Member States should...