BriefingEurope

The EU Makes a Big Move on Microchips

European Commission President Ursula von der Leyen discusses the EU Chips Act at a press conference, Brussels, Feb. 8, 2022 (AP pool photo by Virginia Mayo).
European Commission President Ursula von der Leyen discusses the EU Chips Act at a press conference, Brussels, Feb. 8, 2022 (AP pool photo by Virginia Mayo).
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Brussels is getting in on the microchip action, with a wide-ranging draft regulation known as the European Union Chips Act that promises to transform the bloc into a global player in semiconductor markets, while also supporting EU digital sovereignty, strategic autonomy and democratic values. That’s a lot of baggage to place on such a miniature component. The pandemic has underscored modern societies’ dependence on semiconductor chips, with supply chain disruptions and other factors combining to create a global shortage. But after creating a shock akin to that of a sudden air-raid siren, the shortage has evolved into something more like […]

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