The United States and the European Union have recently come together to strengthen their semiconductor industry by signing a renewed accord. This agreement aims to address the global shortage of chips and reduce reliance on Asian suppliers, particularly China.
One of the key aspects of this accord is the focus on legacy chips, which are older semiconductor technologies that are still widely used in various industries. By collaborating on the production and development of legacy chips, the US and EU hope to bolster their competitiveness in the global semiconductor market.
