Chips, AI on table at first US-EU trade and tech meet

Major issue: A worker shows a 300mm silicon wafer at a semiconductor plant in Dresden, Germany. Mitigating a severe chips shortage that has hurt companies will be a priority for the Trade and Tech Council. — Bloomberg

WASHINGTON: The United States and the European Union hope to discuss chip shortages, artificial intelligence (AI) and tech competition issues during the first Trade and Tech Council (TTC) meeting this week, senior US administration officials said.

Last Thursday, Reuters was first to report the actions the United States and the European Union are planning to announce from the first TTC meeting, such as taking a more unified approach to limit the growing market power of Big Tech.