Dutch warn against global decoupling in European Chips Act
Information about Dutch warn against global decoupling in European Chips Act
By Marine Strauss and Foo Yun Chee
BRUSSELS (Reuters) – The European Union should not decouple from the global semiconductor supply chain in its efforts to create a European chipmaking ecosystem and be self-sufficient, the Netherlands warned this week.
Global supply chains, a business model that has proven popular for the past 30 years, have been disrupted by the COVID-19 pandemic, leading governments around the world to consider bringing manufacturing operations closer to home.
The European Commission, the EU executive, in September proposed a European Chips Act covering research and production capacity, prompted by the chip shortage that has disrupted the auto industry, medical devices makers and telecoms providers.
The EU relies on Asian-made chips and has a diminished share in the supply chain, from design to manufacturing capacity.