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The EU is planning a rebooted Chips Act 2.0 requiring EUR 120bln in public-private investment by 2035, according to Bloomberg

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The revamped law will prioritise demand-side measures, in contrast to the supply-driven original 2023 act, which failed to grow the bloc's market share.  Plans include a EUR 30bln foundry for AI semiconductors and advanced 3-nanometer chips, with the proposals due to be presented to lawmakers next week.

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