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China's power on the technology horizon seems to be growing. The European Union and the United States are concerned about this development and want to unite in the field of technology to compete with China.

    

Illustration - EU-US Joint Force Tech

In 2020, the demand for electronic chips (semiconductors) used in various products was so high that there was a sudden shortage of them. These electronic chips are used in everything from smartphones to cars.

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 This was the beginning of the Corona epidemic. Due to their shortage, many factories had to shut down their production chain of Electronic Control Units (ECUs) while several companies delayed production. Similarly, computers in the market were also delayed.

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These electronic chips are used in everything from smartphones to cars

In such a dire situation, a wave of anxiety spread from the US capital Washington DC to the European Union country Germany and the issue of production of these special but important chips (semiconductors) began to be considered.

US-EU Partnership

After a year and a half, the shortage of electronic chips has decreased, but there is still no supply as per the demand. In this context, a dialogue process between the European Union and the United States began on Wednesday, September 29 in Pittsburgh, USA. This is the first two-day meeting of the Trade and Technical Council (TTC) of the United States and the European Union.

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White House Statement and Concerns

A statement from the White House on the sidelines of the summit stated that "Washington seeks to strengthen the US-EU partnership." The purpose of this partnership is to create self-reliance in the production of electronic chips.

Such warmth is also found in the European Union, but international affairs observers believe that the two sides need to resolve a number of differences in order to have a proper partnership.

In this context, it was also said that the shortage of electronic chips has certainly opened the eyes of policy makers in many countries, but the path to partnership is not easy and no major breakthrough is likely in the two-day TTC meeting. It is also the case that the United States and the European Union have failed for years to resolve differences over technical regulations.

Symbolbild Computer Chip technology

The shortage of electronic chips has caused a stir in digital companies based in many countries.

Remaining topics of TTC meeting

In addition to electronic chips, the development of artificial intelligence or artificial intelligence regulations is also an important topic at the meeting. Another issue is cybersecurity. The world is now becoming digital in a new way and due to its promotion, cyber security of US and European institutions has become a great need of the time.

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China's threat and cooperation with China

Ashtormi Anika Mildner, executive director of the German think tank Aspen Institute, says the West's current policy toward China is complex, with a threat from China and a willingness to work with it.

Mildner believes that in the current context, there is a possibility that the TTC could pave the way for a common path across the Atlantic. He also says that the world of today is not the past and the key reason for this change is China.

Symbolbild Computer Chip technology

The manufacture of electronic chips comes after many complex steps and is also extremely expensive.

Expensive electronic chips

Companies that make sophisticated electronic chips used in the digital world are increasingly buying China, and this has been cited as an important reason for TTC to open its eyes.

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The manufacture of electronic chips comes after many complex steps and is also very expensive. As a result, setting up a factory costs billions of dollars. Now the European nations seem serious about their preparation.