EU Semiconductor Policy:Alliance Coordination and Threat Perception from a Hedging Perspective
In the context of the deeply intertwining between digital technologies and geopolitics,semi-conductor technology has become the key to technological competition and the international balance of power.With the intensification of global competition,the EU's focus on semi-conductor industrial policy has been elevated signifiicantly,showing a trend and characteris-tics of transformation.Through the binary hedging strategy framework,this paper analyses the reasons for the transformation of the EU's semiconductor industrial policy,highlighting the impacts of two major factors on the evolution of the EU's strategy,that is,the closeness of the US-EU alliance and the EU's perception of the so-called threat posed by China.As perceptions of China's rapid technological advances have been enhanced and trust in the transatlantic alliance diminishes,the EU tends to pursue strategic autonomy,thus creating a particular form of hedging.Based on an analysis of the EU's past industrial policies,this paper deepens the understanding of the interaction between China,the US and the EU on semiconductor policies and strategies,provides a new theoretical and empirical analytical framework for assessing the EU's semiconductor industrial policies,and at the same time sheds light on how to manage China-EU disagreements in the field of science and technolo-gy and expand the space for cooperation.
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