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The Economic Times

Technology

Imec CEO calls for stronger AI design push in EU's Chips Act

IMEC United States Europe TSMC Euro Dresden

Europe should aim to create home-grown AI chip design companies, the new head of Belgian research hub imec said on Tuesday, as Brussels prepares a package of measures dubbed Chips Act 2.0.

Patrick Vandenameele said Europe's first 43 ‌billion euro ($50 ⁠billion) ⁠Chips Act, launched in 2023, had helped stabilise its industry in the face of U.S. and Chinese competition.

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