EU Parliament adopts Chips Act amid tensions with China
On Tuesday, the European Parliament adopted the Chips Act, a landmark law aiming to bolster the bloc’s autonomy and competitiveness in the semiconductor sector.
The act has been in the works for over a year now, but recent developments seem to have sped up the process. Specifically, the announcement comes after China’s recent export controls on gallium and germanium, two metals critical for semiconductor manufacturing.
“The EU Chips Act will be an instrument of technological and industrial…