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EU chip sector runs into bleak future amid US and Chinese risks

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A new IAI report warns that European semiconductor ambitions are being squeezed from both sides of the Pacific.

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Summary

A report released June 4 by the Istituto Affari Internazionali (IAI) lays out the uncomfortable reality facing the EU chip sector: the continent is caught between US policy that pulls investment westward and Chinese leverage over the raw materials that make chips possible in the first place. The European Chips Act set a clear target: grow Europe’s share of global semiconductor production from 10% to 20%. On one side, the US CHIPS and Science Act has been quietly hoovering up investment that might otherwise have landed in Europe. On the other side, China holds significant leverage over the raw materials Europe needs to make chips.

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#China #European Union #Taiwan #TSMC