US and EU To Announce Joint Efforts For Semiconductor Supply

The United States and the European Union, on Monday, plan to announce a joint effort to identify semiconductor supply disruptions and counter Russian disinformation, officials said. 

The U.S officials are visiting the French scientific hub of Saclay for a Trade and Technology Council meeting, created last when China increasingly exerted its technology clout. U.S Commerce Secretary Gina Raimondo and U.S Trade Representative Katherine Tai are open for the talk.

U.S officials acknowledged that the Russia-Ukraine war has broadened the council’s scope, but Western Block still has its eyes on the competition from China. 

To avoid extreme competition between western powers to respect the tech component, the two sides will announce an “early warning system” for semiconductor supply disruptions. 

The industry has suffered a shortage of chipmaking components because of the booming electronic product demand and restricted supply chain due to pandemics. 

“We agree on high levels of subsidies ━ that they will not be more than what is necessary, proportionate, and appropriate”, said Margrethe Vestager, the European Commissioner for Competition. 

The aim is that both Washington and Brussels look to encourage semiconductor investment in their respective countries. They do so in a coordinated fashion and simply encourage a subsidy race, officials said. 

The United States and European Union plan to announce joint measures on fighting disinformation and hacking, especially from Russia. It will include a guide on cybersecurity, the best practices for small and medium-sized companies, and a task force on trusted technology suppliers. 

According to the officials, it is not a European matter, in fact, a global matter.

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