The shortage of chips has put the EU's automotive and electronics production in trouble, so the EU introduced the "European Chip Act" on February 8, according to the concept of the bill, europe by 2030

The shortage of chips has caused difficulties in the production of automobiles and electronic products in the European Union, so the European Union proposed the "European Chip Act" on February 8, which envisages that by 2030, the chips produced in Europe will account for 20% of the global market, doubling the existing market share, in order to enhance Europe's competitiveness and resistance.

Thierry Breton, the European Commission's commissioner for internal marketing, told the media during a visit to the Belgian Center for Microelectronics Research (IMEC) this week that more than half of the EU's current chip demand depends on Taiwan, so there are significant economic risks. In the event of a military conflict with the mainland, "Taiwan will no longer be able to export [chips], and almost all factories in the world will be shut down for three weeks."