European Union Plans to Fix Semiconductors Shortage With European Chips Act

When Adam Smith wrote “The Wealth of Nations” in 1776, he defended that countries would produce what they made best. That would make them specialize in certain goods, which they would sell to other countries. After a pandemic and the semiconductor crisis, Ursula Von der Leyen does not think that idea worked well. To prevent Europe from ever missing Asian chips again, the president of the European Commission proposed the European Chips Act.... (continue reading...)