Semiconductor chips have emerged as the hottest commodity in the global race for technological supremacy. That’s because they constitute a fundamental component of electronic devices, critical for advances in a vast array of industries: from telecoms, AI, and computing, to healthcare, clean energy, and military applications. Historically, the EU and the US have relied heavily on East Asian countries for chip imports and supply of the necessary chipmaking materials. But following the invasion of Ukraine, increasing geopolitical tensions, especially with China, have intensified the demand for self-sufficiency in the West. Signs of an escalating chip trade war were evident already…
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