EU Rethinks Semiconductor Strategy Amid China's Technological Advance
China DailyThe European Union is recalibrating its semiconductor strategy in response to the fierce confrontation between China and the United States. The EU is focusing on geopolitical security, economic security, and technological competition to address the challenges posed by China's rapid progress in semiconductor technology. The EU has introduced the European Chips Act, which aims to increase its share of the global semiconductor market to 20 percent by 2030, thereby reducing reliance on external suppliers. Additionally, the EU has tightened its regulatory oversight of external technologies through the European Chips Act and supplementary legislation. The EU's semiconductor strategy is not solely driven by geopolitical security, but also by ideological concerns, particularly regarding the independence of its technology policy. The EU aims to maintain technological sovereignty and the independence of its industrial policies in the digital era.
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