To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.
The European Union Parliament and its member states reached an agreement on a landmark plan, the European Chips Act, to increase the bloc's chip industry. This initiative is intended to enable the EU to compete with the U.S. and Asia in the tech sector and secure control over a significant component of the technology used in electronic products and devices worldwide. The new regulations aim to double the EU's global market share in semiconductors to 20% by 2030, up from 10%.
To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.
The move is part of the EU plan to lessen its dependence on chips made in Asia and the United States. EU ministers are to meet on December 1 to effectively rubber stamp the chip plan. However, the plan will still need to be debated with the European Parliament before it can become law.