Jurisdiction(s):
European Union

EU Chips Act 2.0: Shifting to AI, Demand and Strategic Indispensability after Subsidised Mega Fabs Falter

Published on: 23 February 2026

Published by an LexisNexis EU Law expert

Legal News

Article summary

The European Commission is about to present its Chips Act 2.0

The Commission is set to unveil a refreshed Chips Act, yet its success over the flagging first version will hinge on whether decision-makers absorb lessons from past missteps. When adopted in 2023, the sector was grappling with global supply-chain shortages while heavyweight economies such as the United States, China and South Korea were committing billions to expand domestic production. The EU’s plan sought to scale up R&D, back the creation of European ‘mega fabs’ through public subsidies, and establish a tool to foresee and manage supply-chain emergencies.

Increase R&D in this area
Support ‘mega fabs’ in Europe via public funding
Create a mechanism to anticipate and handle supply-chain crises

Three years later, the initiative can scarcely be labelled a triumph. Investors, analysts and business leaders are now scrutinising where Europe will steer its legislative overhaul. For Niclas Poitiers, a research fellow at the economic think tank Bruegel, the chief reason the original act failed to make an impact was that policymakers lacked a clear grasp of the problem they sought to address...

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