Europe
The EU is set to join US-led chip alliance to counter China's AI race
The EU is set to formally join Pax Silica, a US-led initiative coordinating AI chip supply chains and export controls to counter China. The decision follows weeks of internal discussions over fears that the initiative could jeopardise the EU's regulatory autonomy.
Europe
EU seeks to boost Europe’s chip demand in tech sovereignty bid
The EU's revamped Chips Act shifts focus from supply to demand to boost European chip demand, especially for AI. The draft law covers demand aggregation and crisis tools, as part of a broader tech sovereignty push also covering cloud services and open source.
Business
European carmakers fear supply shocks as Nexperia halts China exports
Europe’s car industry is bracing for new supply shocks after Dutch chipmaker Nexperia halted wafer shipments from China amid management disputes, weeks after The Hague seized control of the company over security concerns.