The chip war
The chip industry is clearly becoming one of the active battlegrounds of geopolitical rivalry.
- The United States has announced new extraterritorial restrictions on exports to China of chips, semiconductors and related components.
- Large manufacturers have begun moving their plants to other Asian countries, such as Singapore, Malaysia, or India.
- Washington makes $52 billion available to domestic chipmakers through the CHIPS and Science Act.
- The EU wants to increase its market share of chip production from the current 9% to 20% by 2030.
- The EU's Chips Act is at risk of being primarily an exercise in protectionism, but one that could trigger a full-scale trade war.
For more, read the article by Andrea Noris and Francesca Sanguineti for ISPI - Institute for International Policy Studies
Europe at the war of the chips