Chinese and US risks mean EU chip sector faces a ‘bleak future’

Chinese export controls, dependence on the U.S. for technology and the structural weakness of Europe’s domestic chip industry mean it faces a “bleak future,” an EU-funded report found on Thursday.

The independent report by the European Union’s Institute for Security Studies and French think-tank Institut Montaigne concluded that Chinese ‌export controls ⁠on critical ⁠minerals and magnets or the risk of a war in the Taiwan Strait ​were major threats to supply.