2023-07-16 15:02:35
While the UNITED STATES and the Chine intensify their technological warfare, Europe finds itself trapped in these rivalries. From the Biden administration’s increased export restrictions on graphics chips to China’s shrewd use of the cloud computing to maintain its technological edge, this power struggle highlights a complex dilemma for Europe. The latter finds itself in a delicate situation, torn between its desire to preserve its economic relations with China and its need to remain in the global technological race.
China, in response to American maneuvers, recently restricted exports of rare metals such as gallium and germanium, two crucial components for the production of semiconductors. As a result, Europe faces additional pressure, as China accounts for a major share of global production of these essential resources. By introducing prior export licensing, China is strengthening its dominant position, which might have significant implications for the European economy.
The escalation of this rivalry has also manifested itself in China’s passage of a new counterintelligence law. European companies operating in China might be affected by this legislation, which prohibits the transfer of information related to national security and broadens the definition of espionage. The legal uncertainty created by this law might chill foreign investment and thus affect Europe’s economic interests.
Despite these challenges, Europe has a unique opportunity to play a crucial role in this technological battle. By navigating skillfully between the two superpowers, Europe might help ease tensions, while safeguarding its own economic and technological interests. However, this will require a well-thought-out and balanced strategy, taking into account the complexity of international relations in this new technological age. This remains a major challenge for Europe, but also an opportunity not to be missed. Failure to do so might have serious consequences, not only for the European economy, but also for the region’s technological future.
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