India, June 8 -- The European Commission has officially presented the new European Chips Act 2.0,

Chips Act 2.0

Chips Act 2.0 aims to strengthen Europe's semiconductor industry and reduce strategic dependencies, boost demand for chips, and support the design and production of advanced and mainstream chips in the EU.

Why do we need the Chips Act 2.0?

Semiconductors are part of the EU's broader effort to strengthen technological sovereignty. They are key enablers of Europe's ambition to become an AI continent, and power the next generation of technologies that will

* Define European competitiveness: AI applications, cloud infrastructure, drones, connected vehicles, industrial robotics, etc.

* Chips Act 2.0 will complement other new in...