Draft TTC statement: U.S., EU plan early warning system for chip shortages

The United States and the European Union will develop an “early alert mechanism” to aid in monitoring the semiconductor supply chain as well as a system of sharing information on subsidies for chipmakers, according to a draft joint statement laying out a host of commitments they plan to announce this month at the second meeting of their Trade and Technology Council. Shared concerns about semiconductor supply chains have been highlighted by officials from both sides ahead of the meeting, slated...