EU’s Chips Act 2.0 targets €200B by 2035, a €30B 3 nm foundry, and AI gigafactories

The European Parliament and industry groups outline a Chips Act 2.0 to mobilize €200 billion, including at least €20 billion in EU funding and a proposed €30 billion AI/3 nm foundry. The InvestAI initiative would back up to five gigafactories housing ~100,000 cutting‑edge AI chips each, shifting focus from one-off fab subsidies to ecosystem-scale demand.