📊Executive Summary

The EU is advancing its 'Chips Act 2.0' to enhance semiconductor supply chain control, allowing intervention in contracts during shortages. This legislation aims to prioritize orders for critical products like medical devices and defense systems, potentially imposing fines for non-compliance. The EU seeks to bolster its semiconductor production, currently reliant on foreign sources, by establishing joint purchasing and investing significantly in domestic capabilities. The act is a response to previous shortcomings in the EU's semiconductor strategy, aiming for a substantial increase in local production and reduced dependency on external technologies....