The co-chairs of the EU-India Trade and Technology Council (TTC), Executive Vice-President Valdis Dombrovskis and Vice-President Věra Jourová, held a stock-taking call with their Indian counterparts – Minister of External Affairs Subrahmanyam Jaishankar, Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw and Minister of Commerce Piyush Goyal to weigh up the work done under the […]
European Chips Act: the EU’s response to the semiconductor shortage
In a world facing a crisis due to lack of semiconductors, the European Chips Act aims to secure the EU’s supply by boosting domestic production. Since late 2020, there has been an unprecedented shortage of semiconductors around the globe. The semiconductor supply chain is very complex and vulnerable to events such as the Covid-19 outbreak. […]
EU adopts Chips Act to address shortage of semiconductors
The Council has adopted its position (‘general approach’) on the proposed regulation establishing a framework of measures to strengthen Europe’s semiconductor ecosystem, better known as the ‘Chips Act’. The Chips Act addresses the current shortage of semiconductors in Europe. With the Chips Act, the EU aims to double its global market share in semiconductors from 10% to at least […]