EU to investigate risks of Chinese chips with US

As the US government steps up its investigation into the dangers of Chinese-made chips, the EU is considering working with the US on the issue.
According to Voice of America on March 18, a draft EU working statement reviewed by Bloomberg stated that the EU and the US will continue to collect and share unclassified data and market intelligence on policy information and methods, and commit to consult on planned actions.
The project has not yet been officially completed, and a memorandum of cooperation will be submitted at the US-European Trade and Industry Commission meeting to be held in Belgium in April. The two sides will develop joint or cooperative measures to address the negative impact of traditionally manufactured semiconductors on the global supply chain.
It is reported that traditional chips have a significant impact on the global economy, and China is currently investing heavily in related factories to increase supply. Concerns have been raised that China's moves could distort the market or lead to heavy reliance on China.
The EU proposal is one of several on the agenda for next month's US-EU trade committee. As part of the meeting, the EU and the US will extend cooperation on an early detection mechanism for supply chain disruptions and an information sharing mechanism in the semiconductor industry for another three years.
This time, in another part of the US-EU trade and industry committee meeting, the two sides will also discuss the issue of cooperation in the development of standards for emerging technologies such as artificial intelligence risk assessment, the development of the G6 wireless communication system, and biotechnology.