Maarten Buijs is CEO of Surfix.

Opinion

State aid sanctioned by European Chips Act is a mistake

Leestijd: 3 minuten

The European Commission should have stuck to its guns of forbidding state aid to anything that’s not pre-competitive, argues Maarten Buijs.

In early February, the European Commission launched the European Chips Act, targeting support for the semiconductor industry in Europe to increase its independence from the US and Asia. This, by all appearance, is an important strategic step, especially within the framework of the new course taken by history several weeks ago. Now that the Ukrainians are fighting for their right to self-determination, the chance that the Taiwanese will suffer the same fate and TSMC may become a company run by the Chinese communist party, has significantly increased.

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