India, Nov. 12 -- From artificial intelligence to critical infrastructure and defense: semiconductors power the technologies that define our future in terms of prosperity, innovation, resilience and competitiveness.

By signing the Declaration of the Semicon Coalition all 27 EU member states underscore the urgent need for a revised and forward-looking EU Chips Act 2.0. The Declaration mentions five priorities: strengthening the semiconductor ecosystem through collaboration, investment, skills, sustainability and international partnerships.

At the initiative of the Netherlands, the responsible Ministers of Austria, Belgium, Finland, France, Germany, Italy, Poland and Spain have established the Semicon Coalition last March. Now, in Brussel...