Title page

Contents

Abstract 1

Introduction 2

1. Semiconductor policy in the United States 3

1.1. US strategic interests 3

1.2. US semiconductor-related industrial policy 6

2. Challenges and opportunities 9

3. EU-US cooperation 12

3.1. Current EU-US cooperation on semiconductors 12

3.2. Possible areas of cooperation and opportunity 13

4. Challenges 14

References 16

Figure 1. Semiconductor industry value added by activity and region 2021 4

Figure 2. Semiconductor investments - United States 7