Author: Satendra Kumar

If you tried to buy a new car or a gaming console in 2021, you likely ran into a frustrating wall of “out of stock” notifications. That global supply chain freeze wasn’t caused by a shortage of steel or plastic, but by a scarcity of semiconductors—the tiny chips that act as the brains for everything from smartphones to washing machines. For European leaders, that shortage was more than an inconvenience; it was a wake-up call. It highlighted a stark reality: despite being an economic powerhouse, Europe relies heavily on Asia and the United States for the technology that powers its…