LE FIGARO.
- The subject of semiconductors has been the subject of intense tension and a race for massive investments in recent months.
How do you explain it?
Chris Miller.
-
Semiconductors are the oil of the 21st century.
They are absolutely essential to the functioning of the modern economy, and not just to the technology sector.
This concerns all manufactured products, from cars to industry, telephones, PCs, data centers or, tomorrow, artificial intelligence.
But the market is probably even more concentrated than that of oil.
Production and assembly are concentrated in a handful of countries and companies.
The fact that Taiwan and in particular its actor TSMC produce 90% of the most advanced processor chips in the world, is a good example.
There is no chance that Europe will become totally autonomous.
The challenge of the Chips Act was rather to overcome its differences
Chris Miller
Can Europe catch up on the backlog of the United States and Asia and shelter its supply chain?
There is no chance that Europe will become self-sufficient...
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