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EU’s chip production plan aims to ease dependency on Asia

European Commission President Ursula von der Leyen, left, speaks with European Commissioner for Europe fit for the Digital Age Margrethe Vestager during a meeting of the College of Commissioners at EU headquarters in Brussels, Tuesday, Feb. 8, 2022. (AP Photo/Virginia Mayo, Pool) European Commission President Ursula von der Leyen arrives a meeting of the College of Commissioners at EU headquarters in Brussels, Tuesday, Feb. 8, 2022. (AP Photo/Virginia Mayo, Pool) European Commission President Ursula von der Leyen rings a bell to signal the start of a meeting of the College of Commissioners at EU headquarters in Brussels, Tuesday, Feb. 8, 2022. (AP Photo/Virginia Mayo, Pool) European Commission President Ursula von der Leyen speaks during a media conference on the Chips Act at EU headquarters in Brussels, Tuesday, Feb. 8, 2022. The European Union is announcing a massive 48 billion US dollar plan to become a major microchip producer and wean itself off its dependency on Asian markets in the strategic sector that drives anything from cars to game consoles. (AP Photo/Virginia Mayo, Pool) European Commission President Ursula von der Leyen speaks during a media conference on the Chips Act at EU headquarters in Brussels, Tuesday, Feb. 8, 2022. The European Union is announcing a massive 48 billion US dollar plan to become a major microchip producer and wean itself off its dependency on Asian markets in the strategic sector that drives anything from cars to game consoles. (AP Photo/Virginia Mayo, Pool) European Commission President Ursula von der Leyen speaks during a media conference on the Chips Act at EU headquarters in Brussels, Tuesday, Feb. 8, 2022. The European Union is announcing a massive 48 billion US dollar plan to become a major microchip producer and wean itself off its dependency on Asian markets in the strategic sector that drives anything from cars to game consoles. (AP Photo/Virginia Mayo, Pool)