Leaders aim to rely less on foreign actors for chip manufacturing and distribution.

EU’s Chips Act Receives Final Approval

Febin MathewJuly 25, 23European Union, Semiconductor

In recent years, governing bodies worldwide have implemented measures to enhance local chip manufacturing, including tax incentives and funding. The European Union has recently approved the Chips Act, a set of regulations aimed at improving semiconductor production capacity in its member states. The Chips Act, which was announced in February 2022, plans to utilize €43 billion ($47.5 billion) in investments to increase the EU’s share of microchip production to 20 percent by 2030, up from the current 10 percent. The Council of the European Union also hopes that this initiative…

They're hoping to pass the final version later this year.

EU Draft Law Approved to Govern AI and Prohibit Facial Recognition Technology

Febin MathewJune 15, 23AI, European Union, Lawsuit

The European Union legislators have made significant progress in regulating the implementation of artificial intelligence systems in the region by approving a preliminary legislation called the AI Act. However, according to The New York Times, this is just one step in a lengthy process, and the final version of the law may not be available until later this year. If the current version of the law is enforced, the use of real-time and remote biometric systems, including facial recognition scanning, will be prohibited in the European Union. It also bans…