The Chips Act 2.0 should be viewed as a tool for ensuring the competitiveness of European user industries. Expanding semiconductor capacity alone is not sufficient to achieve this. It is crucial to effectively combine industrial demand, private investment, rapid implementation, and market-based resilience. From the perspective of German industry, five points are central: legally secure access to ESTI, Strategic Project, and platform instruments, including for EU-based production sites with trustworthy partner country structures; an explicit focus on mature and specialty nodes, advanced packaging, and physical AI; reliable funding through the European Competitiveness Fund; structured industry participation in prioritization, pilot lines, demand accelerators, and project evaluation; and proportionate monitoring and crisis management obligations that do not create new barriers to investment.