DEBATE: The European Chips Act — Mission (Im) Possible? 

By Lena Eisenreich. After her semesters in Strasbourg, Kraków and Udine she is now writing her thesis about Youth Lobbying in Strasbourg. She holds a BA in European Business. Recently she was gathering Sales experience from the automotive industry towards Big Tech. Currently, she is involved in various think-tanks such as European Horizons as a Director of Sponsorships and Fundraiser for Culture Solutions.

This article belongs to our new DEBATE series. These are thought-provoking articles meant to start important conversations. We encourage all readers to write their thoughts to our email. We will then publish responses to this article and create a chain of debate pieces on this website.

“Let’s be bold again, this time with semiconductors,” declared Ursula von der Leyen in her State of the Union Speech to introduce the European Chips Act. In an increasingly interconnected world, global events such as the pandemic and the ongoing (trade) wars have worsened the EU’s supply chain challenges. The race to secure a sustainable and resilient supply chain is hastening with geopolitical risks of tech dependencies increasing. In the backbone of our supply chains lays an indispensable good, which is the “lifeblood of modern society:” microchips or semiconductors. Described as the ”new oil of our economy,” life without these little chips the size of a large grain of rice is unthinkable. They are essential to power smartphones, computers, cars and even medical devices, fridges, and dishwashers won’t function. 

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