The United States and the European Union have agreed to extend their cooperation on identifying disruptions in the semiconductor sector, with a focus on legacy chips from China. They will share market intelligence and consult on planned actions to address distortions in the global supply chain.
The United States and the European Union committed to extend by three years their cooperation on identifying disruptions in the semiconductor sector , with a particular emphasis on mainstream “legacy” chips from China .
It said the two partners would share market intelligence about “non-market” policies and practices, which they argue prevail in China, and consult on planned action to address distortions on the global supply chain. U.S. Commerce Secretary Gina Raimondo told a news conference that China was producing some 60 per cent of legacy chips, found in cars, household appliances and medical devices, and would continue to do so in the coming years.
US EU Cooperation Semiconductor Sector Legacy Chips China Market Intelligence Global Supply Chain
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