# Europe's strength lies in equipment and design, not just production.

*semiconductor · news · 2026-05-19 · The Economic Times*

## Key points

- imec's new CEO urges Europe to focus Chips Act 2.0 on AI chip design firms.
- Europe's competitive edge is in chip design and equipment, not large-scale production.
- The first Chips Act did not meet goals for advanced manufacturing or market share growth.
- Encouraging TSMC to build a more advanced plant in Dresden is seen as a key step.

**Companies:** Nvidia, TSMC, ASML, ASM, BESI, EV Group
**Countries:** Belgium, Taiwan

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/artificial-intelligence/imec-ceo-calls-for-stronger-ai-design-push-in-eus-chips-act/articleshow/131204562.cms)

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