“Creating links, not dependencies” said Commission President von der Leyen during her SOTEU speech, emphasizing the EU’s ambition to reduce reliance on external supplies of core products and parts. The Commission plans to propose a new European Chips Act, aiming to create a state-of-art European ecosystem for the design and production of semiconductor chips. This will ensure security of supply, develop new markets for the European tech industry and reduce EU reliance on external supply sources. EC Internal Market Commissioner Thierry Breton outlined key opportunities the Act will create for technology in Europe.
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