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The EU is planning to restrict foreign investment, and 300 European chip companies have issued warnings

2024-08-13

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[This is not the first time that the European Semiconductor Industry Association has issued a warning to the EU. In March this year, in response to the "Economic Security Package" issued by the EU at the beginning of the year, the association stated its position that the EU should be more cautious before implementing additional export control policies on foreign investment.]

The European Semiconductor Industry Association (SEMI Europe) recently issued a warning against the EU's planned review of European capital investment in foreign semiconductor, artificial intelligence and biotechnology companies.

The European Semiconductor Industry Association said in a statement that European semiconductor companies must make investment decisions as freely as possible, otherwise they risk losing flexibility and relevance.

This is not the first time that the European Semiconductor Industry Association has issued a warning to the EU. In March this year, in response to the "Economic Security Package" introduced by the EU at the beginning of the year, the association stated its position that the EU should be more cautious before implementing additional export control policies on foreign investment.

It is reported that the EU is considering reviewing EU companies' overseas investment in the above-mentioned package, and is expected to make a decision on these proposed rules as early as 2025.

Professor Zhao Yongsheng, a researcher at the National Institute of International Strategy at the University of International Business and Economics and a doctoral supervisor at the Sorbonne University in Paris, has just returned from a field trip to Western Europe. He told the First Financial reporter that the three major decision-making bodies of the EU are currently busy setting up investment and trade barriers in the name of setting up different regulatory regulations. The core is that in the above-mentioned new economic fields, the EU is not in the first echelon. "The EU is currently very worried about the impact of the two major economies of China and the United States on its industries in the fields of new energy, chips, etc. The current plan for overseas investment supervision is also to guard against Chinese and American companies."