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

ANTWERP, Belgium: 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.

But the next round, due to be presented by the European Commission on May 27, should help build a stronger AI chip design ecosystem in a market dominated by U.S. ⁠companies.