Digital Tech: Europe's Growing Gap in Eight Charts
Gilles Babinet - Oliver Coste
Dec 5, 2022
Institute Montaigne publishes the first part of our analysis on Europe, Tech and War
For several months now, tension has been rising between China and the United States over Tech. Chinese President Xi Jinping, for example, stated that "technological innovation has become the main battleground of the global playing field, and competition for tech dominance will reach unprecedented levels". Former Google CEO Eric Schmid alerts the American public that "in each of the foundational technologies of the 21st century - artificial intelligence, semiconductors, 5G wireless, quantum information science, biotechnology and green energy - China could soon be the global leader". In August 2022, President Joe Biden signed the CHIPS and Science Act, providing $280 billion to the US Tech industry to “counter China”. Of this amount, $52.7 billion is dedicated to semiconductors.
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