Analysis
Security
Will the Danube River Become Part of the Illiberal Project?
23 December 2024
With ensuing crises all around, Europe has ambitions of gaining more independence on more fronts, and one of the most important areas in which a stronger voice is desired is in the realm of semiconductors.
The invasion of Ukraine only exacerbated the importance of the discussion relating to Europe’s technological and digital sovereignty. Before the current crisis, COVID proved to be another turning point moment, when the pandemic peeled away at the appearance of economic prowess in Europe, especially in the realm of production and supply chain management. One crucial supply chain is semiconductors.
Semi-Conductor Crisis
With ensuing crises all around, Europe has ambitions of gaining more independence on more fronts, and one of the most important areas in which a stronger voice is desired is in the realm of semiconductors.
The COVID pandemic has set off a worldwide shortage of semiconductors. As the demand for integrated circuits was greater than the supply, the crisis led to months-long, even year-long delays and major price increases, affecting over 160 industries.
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