Criticism of the Chips Act stirs

With great pomp, the EU Commission presented its proposal to promote the domestic semiconductor industry. But there is criticism among the member states: smaller countries are afraid of being left empty-handed, and governments and experts doubt the practicality of the planned crisis mechanism.

In principle, everyone agrees that the European Union must regain lost ground in the chip industry and reduce the dependence of the domestic industry on suppliers from countries, especially in Asia. For years, the importance of such strategically important products had been neglected, said Portuguese Economy Minister Antonio Costa Silva at the Competitiveness Council in Luxembourg. „We have to learn from our mistakes.“

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