News Snapshot:
The United States and the European Union committed to extend by three years their cooperation on identifying disruptions in the semiconductor sector, with a particular emphasis on mainstream “legacy” chips from China. The two sides concluded a two-day session of their Trade and Technology Council on Friday with a l2-page joint statement on the meeting’s outcomes. It said the two partners would share market intelligence about “non-market” policies and practices, which they argue prevail in China, and consult on planned action to address distortions on the global supply chain. European Commission Vice President Margrethe Vestager, who oversees EU policy on...
