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Dealing With Europe's Economic (In-)Security – Analysis – Eurasia Review eurasiareview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurasiareview.com Daily Mail and Mail on Sunday newspapers.
The Chips and Science Act, which US President Joe Biden was yesterday to sign into law, was pitched as a once in a lifetime chance to revitalize the US semiconductor industry and counter Asia’s manufacturing power. What went less discussed was the legislation’s environmental impact. The bill is poised to pump US$52 billion into an industry that devours energy and produces toxic waste at a time when a global surge in chip demand is already turning companies into bigger polluters. With the US and Europe racing to rebuild their chipmaking infrastructure, environmental concerns are taking a back seat, said Pauline Weil, ....
Some projections indicate the chip industry will double in size over the next decade, meaning efforts to mitigate its climate footprint need to accelerate. ....
Many Asian economies are facing up to the twin food and energy supply shocks from the war in Ukraine better than most other regions of the world. But the threats are far from over, warn experts in an Asia News Network webinar. ....