서울국제포럼 The Seoul Forum for International Affairs(SFIA)

[Science · Technology · Industry · Environment] [박태호 회원/Bark Tae-ho] EU chips and Korea (Korea Joongang Daily 2022.03.20)

Date: 2022-03-20

Korea Joongang Daily | Bark Tae-ho  President, Lee&Ko Global Commerce Institute; Professor Emeritus, Graduate School of International Studies, Seoul National University

 

On February 8, the European Commission proposed an ambitious law called the European Chips Act aimed to boost Europe’s technological sovereignty, competitiveness and resilience in the digital transition. The commission handed out outlines on communications, regulations, and recommendations to member states to build a thriving semiconductor ecosystem in the EU bloc and better respond to future supply-chain disruptions. The act will follow EU legal procedure and will be enacted upon final agreement in the European Parliament.

The movement owes much to three factors. First, Europe has suffered dire shortages of chips since the outbreak of the Covid-19. Second, the bloc lacks major semiconductor production facilities as chipmaking is dominated by Korean and Taiwanese players. Third, the bloc could not be left out in the trend of government assistance in the U.S., China, Japan and South Korea to raise its semiconductor production, research and developments.

 

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Source: https://koreajoongangdaily.joins.com/2022/03/20/opinion/columns/EU-Korea-semiconductor/20220320200131326.html

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