The European Commission has proposed new regulations, approved by its 27 member states, to reduce dependence on US and Chinese technology, particularly in microchips, AI, and cloud services. The move aims to enhance "tech sovereignty" and mitigate national security risks.
The EU is proposing "technological sovereignty" measures to reduce reliance on US and Chinese tech suppliers in cloud computing, AI, and semiconductors. The plan aims to prevent foreign governments from accessing "kill switches" for vital services and requires risk assessments for foreign providers.
The EU is proposing new rules to ensure no foreign government or company has a 'kill switch' over vital tech services, aiming to reduce dependencies on the US and China in cloud computing, AI, and semiconductors. The move could increase tensions with the US.
Chinese property developers are diversifying into semiconductor production to revive their businesses. This strategy has led to a surge in their stock prices, attracting retail investors, though concerns about market speculation and company fundamentals remain.
Geopolitical conflict in the Middle East has disrupted Asia's semiconductor industry by cutting supplies of naphtha, a key feedstock for photoresist used in chip manufacturing. The Strait of Hormuz has been effectively closed since early March, curtailing naphtha supplies essential for specialty chemicals. South Korea's Samsung Electronics and SK Hynix are among the most exposed, with Japanese photoresist suppliers warning of looming raw material disruptions. Advanced chip nodes using extreme ultraviolet (EUV) lithography are expected to be hit hardest.
