EU trade chief wants a new tool to break Europe’s dependence on Chinese chips and rare earths (opens in new tab)

EU trade commissioner Maroš Šefčovič has called for a new “diversification instrument“ to reduce Europe’s dependence on single suppliers of chips and rare earths. He made the proposal at the European Policy Center’s Brussels Economic Security Forum on Friday. The tool would force companies in sensitive sectors to source from at least three different suppliers. […] at The Next Web