Can the EU Chips Act fuel a European semiconductor industry for the AI age?

08 Apr 2025 | News

With the right support for hardware, Europe can still cash-in on the artificial intelligence boom, industry says

Photo credits: European Union

If there has been one winner in the AI boom of the past three years, it is chip-maker NVIDIA. While other companies scrabble to find business models selling AI solutions to enterprises, the company selling the hardware needed to run them has seen its value skyrocket since the release of ChatGPT in late 2022.

And as Europe pushes for “tech sovereignty” in a bid to become less reliant on Asia and the US, the continent’s semiconductor industry is calling