Europe's Quest for Tech Giants Amid US-China Tensions
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Dutch Economic Affairs Minister Micky Adriaansens has emphasized the need for Europe to have a fast, selective, and aggressive tech industry policy in light of ongoing trade tensions between the United States and China. Adriaansens plans to discuss this strategy with European Industry Commissioner Thierry Breton. The European Chips Act, which aims to counter U.S. and Chinese chip subsidy programs, has so far only approved support for STMicroelectronics in France. Adriaansens acknowledges that the U.S. is better at executing strategies and urges Europe to speed up its execution. The Netherlands, under Prime Minister Mark Rutte, supports restricting ASML from exporting its best equipment to China. Adriaansens emphasizes the importance of protecting technology but cautions against further res...
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