The European reaction to the US-Japan accord on semiconductor prices is hopelessly schizophrenic, with one set of pressure groups lobbying on behalf of the small local chip industry, and another on behalf of the much larger group of manufacturers who benefit from low chip prices, but the European Electronic Component Manufacturers Association is currently making the running, and has now lodged a formal complaint with the European Commission alleging that Japanese companies are dumping dynamic random access memory chips in Europe.