US and EU will work together to prevent semiconductor` subsidy race`
(Windows Phone Central)

Coordinated efforts by the U.S. government and EU could increase focus on fixing the global chip shortage. What you need to know The U.S. government and EU will announce a joint effort to prevent a `subsidy race` in the semiconductor industry. The move could help prevent countries from competing in semiconductor manufacturing rather than addressing the global chip shortage. The governments aim to ensure a supply of semiconductors in a `coordinated fashion,` according to an official. The U.S. government and the European Union will take steps to avoid a `subsidy race,` according to a report by Reuters. The outlet stated that the U.S. and EU will announce a joint effort at the second meeting of the U.S.-EU Trade and Technology Council, which will occur on Monday, May 16, 2022. `You`ll see us announce... a transatlantic approach to semiconductor investments aimed at ensuring security of supply` said a senior administration official. The joint effort will be made to prevent a sub...