A new declaration from all 27 EU member states lays out an "urgent need" for a new and improved EU Chips Act. Essentially, Europe feels like it's fallen behind in chip production and design, and it would like to see a concerted effort from the European Commission to regain ground.
"To secure and strengthen our global position," the declaration reads (via The Register), "the EU must prioritize the semiconductor sector as a strategic industry, on par with aerospace and defence, and treat it as a key target for investment, R&D and innovation, and—if necessary—use the available instruments to protect it and act collectively.
