Previous and ongoing discussions at the EU-US Trade and Technology Council have centered around crucial topics like AI, 6G, semiconductor supply chains, and critical minerals. The recent ministerial meeting aimed to address key issues amidst significant geopolitical challenges.
Plans have been made to extend coordination efforts on semiconductor supply chain resilience, including implementing mechanisms for early warning on disruptions. The EU and US plan to deepen collaboration by aligning investments under the EU Chips Act and the US CHIPS Act.
Shared concerns encompass non-market economic policies and potential negative effects related to excessive dependencies on mature node semiconductors. This relates to China's increasing production of mature semiconductors, raising worries about oversupply in the market.
US Secretary of Commerce emphasized the importance of the TTC in safeguarding national and economic security interests, particularly concerning China. The discussions focused on prioritizing shared interests within the TTC framework for future actions.
#eu-us-trade-and-technology-council #semiconductor-supply-chains #national-security #economic-security #china
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