{"id":212005,"date":"2025-04-29T03:41:41","date_gmt":"2025-04-29T03:41:41","guid":{"rendered":"https:\/\/accountants4yourbusiness.co.uk\/5g-technology\/europe-has-risky-reliance-on-china-for-low-tech-chips-auditors-warn-politico\/"},"modified":"2025-04-29T03:41:41","modified_gmt":"2025-04-29T03:41:41","slug":"europe-has-risky-reliance-on-china-for-low-tech-chips-auditors-warn-politico","status":"publish","type":"post","link":"https:\/\/accountants4yourbusiness.co.uk\/?p=212005","title":{"rendered":"Europe has risky reliance on China for low-tech chips, auditors warn \u2013 POLITICO"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Europe has some leading companies in the field of less advanced microchips, including Germany&#8217;s Infineon, the Dutch NXP and French-Italian STMicroelectronics. These firms cater to the needs of Europe&#8217;s powerful car industry.<\/p>\n<p>But the auditors wrote that demand in Europe &#8220;is currently growing more quickly than EU-based chipmakers can supply it.&#8221; In 2024, the EU ran a \u20ac9.8 billion deficit with China on chips; it also had deficits with other chipmaking hubs like Taiwan. <\/p>\n<p><iframe title=\"dfen7\" aria-label=\"dfen7\" id=\"datawrapper-chart-dfen7\" src=\"https:\/\/datawrapper.dwcdn.net\/dfen7\/3\/\" scrolling=\"no\" frameborder=\"0\" width=\"100%\" data-external=\"1\"><br \/>\n<\/iframe>\n<\/p>\n<p>Globally, Taiwan has emerged as the leading hub for more advanced chips, which have smaller nodes than low-tech varieties and are used in smartphones and data centers. But demand remains high for low-tech chips as well, including to power the transition to more sustainable, less energy-consuming technologies.<\/p>\n<p>The auditors warned that the gap Europe has with other regions will only widen. &#8220;As this type of microchip is needed for technology associated with the green transition, this trade deficit is likely to increase in the future.&#8221;<\/p>\n<p>As the EU&#8217;s independent auditor, the Court of Auditors reviews the EU&#8217;s finances, its spending and the implementation of its policies.<\/p>\n<p>The auditors&#8217; message arrives as Brussels gets ready to <a href=\"https:\/\/pro.politico.eu\/news\/197324\" target=\"_blank\">review<\/a> its Chips Act, which formulated the goal of 20 percent by 2030. The auditors dismissed that goal as &#8220;aspirational&#8221; and not grounded in reality.<\/p>\n<\/div>\n<p><script>\n\t\tpl_facebook_pixel_args = [];\n\t\tpl_facebook_pixel_args.userAgent = navigator.userAgent;\n\t\tpl_facebook_pixel_args.language = navigator.language;\n\t\tif ( document.referrer.indexOf( document.domain ) < 0 ) {\n\t\t\tpl_facebook_pixel_args.referrer = document.referrer;\n\t\t}\n\n\t\t!function(f,b,e,v,n,t,s)\n\t\t{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n\t\tn.callMethod.apply(n,arguments):n.queue.push(arguments)};\n\t\tif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n\t\tn.queue=[];t=b.createElement(e);t.async=!0;\n\t\tt.src=v;s=b.getElementsByTagName(e)[0];\n\t\ts.parentNode.insertBefore(t,s)}(window, document,'script',\n\t\t'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n\n\t\tfbq( 'consent', 'revoke' );\n\t\tfbq( 'init', \"394368290733607\" );\n\t\tfbq( 'track', 'PageView', pl_facebook_pixel_args );\n\n\t\tif ( typeof window.__tcfapi !== 'undefined' ) {\n\t\t\twindow.__tcfapi( 'addEventListener', 2, function( tcData, listenerSuccess ) {\n\t\t\t\tif ( listenerSuccess ) {\n\t\t\t\t\tif ( tcData.eventStatus === 'useractioncomplete' || tcData.eventStatus === 'tcloaded' ) {\n\n\t\t\t\t\t\t__tcfapi( 'getCustomVendorConsents', 2, function( vendorConsents, success ) {\n\t\t\t\t\t\t\tif ( ! vendorConsents.hasOwnProperty( 'consentedPurposes' ) ) {\n\t\t\t\t\t\t\t\treturn;\n\t\t\t\t\t\t\t}\n\n\t\t\t\t\t\t\tconst consents = vendorConsents.consentedPurposes.filter(\n\t\t\t\t\t\t\t\tfunction( vendorConsents ) {\n\t\t\t\t\t\t\t\t\treturn 'Create profiles for personalised advertising' === vendorConsents.name;\n\t\t\t\t\t\t\t\t}\n\t\t\t\t\t\t\t);\n\n\t\t\t\t\t\t\tif ( consents.length === 1 ) {\n\t\t\t\t\t\t\t\tfbq( 'consent', 'grant' );\n\t\t\t\t\t\t\t}\n\t\t\t\t\t\t} );\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t});\n\t\t}\n\t\t<\/script><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe has some leading companies in the field of less advanced microchips, including Germany&#8217;s Infineon, the Dutch NXP and French-Italian STMicroelectronics. These firms cater to the needs of Europe&#8217;s powerful car industry. But the auditors wrote that demand in Europe &#8220;is currently growing more quickly than EU-based chipmakers can supply it.&#8221; In 2024, the EU [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":212006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12020],"tags":[12544,43494,6618,21130,21594,8787,9891,16160,23383,11315,80367,7824,80366,13447,21145,14436,23386,23387,20642,16167,3912,9792,16172,25081],"dealstore":[],"offerexpiration":[],"class_list":["post-212005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5g-technology","tag-5g","tag-auditors","tag-china","tag-chips","tag-eu-china-relations","tag-europe","tag-germany","tag-imports","tag-industrial-strategy","tag-industry","tag-lowtech","tag-manufacturing","tag-microchips","tag-politico","tag-reliance","tag-risky","tag-strategic-autonomy","tag-supply-chain-security","tag-supply-chains","tag-taiwan","tag-technology","tag-trade","tag-united-states","tag-warn"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Europe has risky reliance on China for low-tech chips, auditors warn \u2013 POLITICO - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accountants4yourbusiness.co.uk\/?p=212005\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe has risky reliance on China for low-tech chips, auditors warn \u2013 POLITICO - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Europe has some leading companies in the field of less advanced microchips, including Germany&#8217;s Infineon, the Dutch NXP and French-Italian STMicroelectronics. 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