📊Executive Summary

The EU is preparing to implement emergency powers to manage semiconductor supply chains during shortages, potentially overriding existing contracts with chipmakers. This move is driven by concerns over reliance on Taiwan for high-performance chips and the geopolitical tensions with China. The draft law would allow the EU to impose fines on companies that do not comply with requests for supply chain information and prioritize orders for critical products. This could significantly impact procurement strategies for companies reliant on semiconductor supplies, particularly in the automotive and medical sectors, as the EU aims to strengthen its negotiating power and reduce dependence on external sources....