Dutch warn against global decoupling in European Chips Act

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ASML employees trial a TwinScan astatine the ASML mill successful Veldhoven January 17, 2013. REUTERS/Michael Kooren/File Photo

BRUSSELS, Oct 13 (Reuters) - The European Union should not decouple from the planetary semiconductor proviso concatenation successful its efforts to make a European chipmaking ecosystem and beryllium self-sufficient, the Netherlands warned this week.

Global proviso chains, a concern exemplary that has proven fashionable for the past 30 years, person been disrupted by the COVID-19 pandemic, starring governments astir the satellite to see bringing manufacturing operations person to home.

The European Commission, the EU executive, successful September projected a European Chips Act covering probe and accumulation capacity, prompted by the spot shortage that has disrupted the car industry, aesculapian devices makers and telecoms providers.

The EU relies connected Asian-made chips and has a diminished stock successful the proviso chain, from plan to manufacturing capacity.

Decoupling from the planetary proviso concatenation would beryllium a mistake, the Netherlands said successful a insubstantial published connected the authorities website, pointing to the occurrence of Dutch companies ASML (ASML.AS), the world's starring shaper of precocious chipmaking tools, and chipmakers NXP (NXPI.O) and Besi (BESI.AS).

The European Chips Act "requires acknowledgement that decoupling of the planetary semiconductor worth concatenation is an illusion," the insubstantial said.

"European interests are champion served by an unfastened ecosystem that remains focused connected attracting investment, accelerating innovation and adding marketplace value. Diversification and communal interdependence beforehand resilience and forestall one-sided dependencies."

The Dutch besides projected the instauration of instruments to forestall unwanted cardinal strategical takeovers of chipmakers.

The Commission's 2022 enactment programme foresees the Chips Act adopted successful the 3rd 4th of adjacent year.

Additional reporting by Francesco Guarascio; Editing by Sandra Maler

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