India, June 8 -- European Commission has officially presented the new European Chips Act 2.0, marking a major step forward in Europe's ambition to strengthen its semiconductor competitiveness, resilience and technological sovereignty.

Following the announcement, officials presented the new policy at the SEMI Europe Policy Forum in Brussels, a high-level gathering hosted by SEMI Europe bringing together leading semiconductor industry representatives, policymakers and key stakeholders from national governments.

SEMI Europe welcomes the revised framework as an important signal of the European Union's continued commitment to supporting the semiconductor industry, and securing Europe's position in the global technology landscape. Building on...