Why the EU Chips Act can’t deliver semiconductor sovereignty

Since the pandemic choked supply chains, affecting factories across Europe, the semiconductor industry has been a hot geopolitical topic. But will the EU's aim for more chips autonomy solve the problems of an extremely interdependent industry? We take a look.
Why the EU Chips Act can’t deliver semiconductor sovereignty

Our daily lives would screech to a frighteningly fast halt without semiconductor chips and all the things they empower us to do, from using smartphones to opening car doors to...well basically everything. 

A recent study from McKinsey said that semiconductor sales totalled around $600 billion in 2021 and forecast that semiconductor industry will be worth $1 trillion by the end of the decade

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