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European Semiconductor Regions Alliance launched
What happened
The European Committee of the Regions launched the European Semiconductor Regions Alliance (ESRA) on September 7th, a political network aimed at strengthening Europe's semiconductor production capacity and reducing dependency on third-country supplies. This initiative is part of the broader EU Chips Act strategy to bolster regional supply chain resilience. Watch: This policy move signals long-term support for EU-based chipmakers but lacks immediate, quantifiable trading triggers for specific components.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
SemiconductorsMicroelectronics
European semiconductor manufacturers
policysupply-chaingeopolitics
Source and time
Source: Semiconductor Today · 9/18/2023 · View original source
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