Sources: the EU is drafting a revised Chips Act II, set for late May, that would grant it power to invest directly in large, cross-border manufacturing projects (Bloomberg)

The EU is drafting a revised Chips Act II expected in late May that would empower direct government investment in large-scale, cross-border semiconductor manufacturing projects, signaling Europe's strategic commitment to reducing chip supply chain dependencies and competing with US and Asian competitors. For IT organizations and technology leaders, this represents a potential shift in semiconductor availability, pricing, and supply chain resilience that could reshape procurement strategies and regional technology infrastructure investments over the coming years. This regulatory and investment framework may create both opportunities for companies aligned with EU manufacturing initiatives and competitive pressures as Europe strengthens its domestic chip production capabilities.