11
Feb
2025
Watch
US AI chip export restrictions: a challenge to European AI development and economic resilience (debate)
Mr President, Commissioner, it has taken us a pandemic to realise how crucial the continuity of the chip supply is. With the European Chips Act, we have focused on research and development, something that is crucial for a knowledge region and open economy like Flanders, where I come from. But after the measures taken by the Americans, we must first make it clear to them that our internal market is one and indivisible, like theirs, and that we are presenting ours as a common force. Therefore, let's use the Trade and Technology Council, which we co-founded in 2021, as a forum to strengthen our transatlantic partnership and jointly define AI standards. On the other hand, this is another wake-up call for us to continue investing in technological leadership. This means strengthening the capital market and taking on an indispensable role in the value chain. Examples such as Imec in Flanders and ASML in the Netherlands prove that we can.