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The European Chips Act (ECA), also known as simply the Chips Act, is a legislative package to encourage semiconductor production in the European Union. [1] [2] [3] [4]First announced in February 2022, the Commission has intended through the ECA to reclaim market share from the dominant Taiwan Semiconductor Manufacturing Company [1] and reduce European exposure to supply chain risks.
In addition to the impact of COVID-19 on supply chains around the world, the conflict between Russia and Ukraine has also had a major impact on the product supply crisis. It will affect the global economy and trade, with Russia and Ukraine accounting for more than 25% of world wheat trade and more than 60% of global sunflower oil and 30% of ...
On 3 September 2020, the European Commission presented its strategy to both strengthen and better control its supply of some thirty materials deemed critical, in particular rare earths. The list includes, for example: graphite, lithium and cobalt, used in the manufacture of electric batteries; silicon, an essential component of solar panels;
Supply chains are networks -- ways to source and supply various goods and services across the globe. Unfortunately, due to complications resulting from the pandemic, both businesses and consumers ...
The European Union is expected to follow Germany in the coming years with a similarly sweeping piece of legislation. Specifically, the proposed Corporate Sustainability Due Diligence Directive will cover the same measures as the German Supply Chain Act and is built to level the playing field for ESG initiatives and the people throughout the ...
Recent studies and data have examined how the European Union firms responded to significant supply chain disruptions caused by the COVID-19 pandemic, maritime transport issues, and geopolitical conflicts. These events exposed the vulnerabilities of EU supply chains, particularly their reliance on foreign imports. [10]
The United States (orange) and European Union (green) The Trade and Technology Council (TTC) is a transatlantic political body which serves as a diplomatic forum to coordinate technology and trade policy between the United States and European Union. [1] It is composed of ten working groups, each focusing on specific policy areas. [2]
In 2021, Brazil's worst drought in almost a century threatened its electricity supply. [6] [7] Brazil relies on hydropower for two-thirds of its electricity.[8]Euractiv reported that European Commissioner for Climate Action Frans Timmermans told the European Parliament in Strasbourg that "about one fifth" of the energy price increase "can be attributed to rising CO 2 pricing on the EU's carbon ...