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Improving the Chips Act
With its emphasis on research, development and innovation, the European Commission’s Chips Act proposal could go a long way toward addressing the semiconductor supply chain disruption and preventing future shortages. However, to achieve its objectives, the Commission must provide clearer guidance on a range of issues. As the legislation moves forward, it must consider the needs of businesses in Europe that rely on chips, as well as cooperate and coordinate with the EU’s most important trade partner, the US, as it works toward the same goal. Read AmCham EU’s perspectives on how to improve the Chips Act and learn more about these microchips, the ‘brains’ inside electronics.