Building strong and resilient value chains able to cope with fast changing geopolitical and health environments is key for our future. In this context, mastering key technologies such as Electronic and Photonic Integrated Smart Systems in Europe is instrumental for the green and digital transformations in a sovereign Europe. The presentation will outline the opportunities and the European policies for the sector in the next decade. It will also recall the European support to scientific / technology breakthroughs and industrial developments in the 2021-2027 multiannual financial framework.