Securing the supply of semiconductors to Europe

Drawing lessons from the ongoing shortages in chip supply, the
United States, China and the European Union are adopting
industrial policies to secure semiconductor supply chains as well
as economic and technological competitiveness. The EU Chips Act,
announced in February 2022, represents a real break in Europe's
industrial policy. Are semiconductors the new oil? The answer
might be more complicated than just yes or no. Giuseppe Porcaro,
Niclas Poitiers and Pauline Weil unpack the economics and
geopolitics behind the Chips Act.

Relevant publications:
Briefings de l'Ifri, Fishing for Chips: Assessing the EU Chips
Act
Poitiers, N. and P. Weil (2022) ‘Is the EU Chips Act the right
approach?’, Bruegel Blog, 2 June
Poitiers, N. and P. Weil (2022) ‘Opaque and ill-defined: the
problems with Europe’s IPCEI subsidy framework’, Bruegel Blog, 26
January
Poitiers, N. and P. Weil (2021) 'A new direction for the European
Union’s half-hearted semiconductor strategy', Policy Contribution
17/2021, Bruegel