EU’S CHIP PRODUCTION PLAN AIMS TO EASE DEPENDENCY ON ASIA
Feb 12, 2022
2 minutes
The European Union announced a $48 billion plan to become a major semiconductor producer, seeking to curb its dependency on Asian markets for the component that powers everything from cars to hospital ventilators and game consoles.
At a time when natural gas shortages and Europe’s reliance on Russia for energy shows the political risks of economic dependency,
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