US to press for semiconductor relief at EU tech meeting

Washington: US President Joe Biden will use this week’s inaugural technology ministerial with the European Union to push for solutions to the nagging semiconductor supply issue that has hit the American economy, officials said Monday.

But the Trade and Technology Council meeting Wednesday and Thursday also is an opportunity for Washington to press EU governments to join forces to deal with the problems posed by China’s trade practices.

The chip shortage due to manufacturing snags has had a massive impact on the US economy, hindering auto production and driving prices higher.