At the core of the rising tensions lies the quest fortechsupremacy as well as economic and national security.
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For this reason, the EU has been focusing on de-risking its economy.
We have seen how one-sided dependencies can be used against us, Vestager said.
And this is why Europe, just as the US, is reacting.
Semiconductor chips are also at the heart of the blocs digital sovereignty and economic de-risking policies.
The EU isnt simply attempting tobolster its domestic chip productionand strengthen its competitiveness in the sector.
Its also supporting US efforts to curb Chinas semiconductor industry.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
