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Europe's Chip Crisis and How to Fix It | Business and Finance News
Description
Europe’s chip industry is in deep trouble, according to a new EU-funded report—caught between China’s tightening export controls on critical materials, the looming threat of conflict in the Taiwan Strait, and growing dependence on U.S. tech and policy. With ASML’s future hanging in the balance and internal hurdles like high energy costs and dwindling private investment, the EU is pushing back with a bold “Chips Act 2.0” to boost local demand, secure global supply chains, and leverage its strengths to reclaim semiconductor dominance.
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