A Transatlantic Alliance: US and EU Chips Acts Forge a New Path in Semiconductor Collaboration
In the wake of global chip shortages that disrupted industries and economies, the United States and the European Union have taken decisive action. The U.S. CHIPS and Science Act of 2022 and the European Chips Act, enacted in close succession, represent an unprecedented level of public investment in the semiconductor industry. The shared goal is clear: to reduce dependency on foreign chip manufacturing, enhance supply chain resilience, and foster innovation in this critical sector.
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