As a major electronics company predicts another year of shortages, those hoping for a swift resolution to the chip crisis may be disappointed.
The continent wants to grow its presence in the chip market after two decades of decline, but faces an uphill battle.
Europe's digital prowess depends on its core technology businesses staying independent, says Graphcore's Nigel Toon.
As hopes fade for a quick end to the chip shortage disrupting car makers, OEMs that supply the industry will need to take semiconductor supply more seriously.
Neither the US or China is likely to become self-sufficient in semiconductors but global leadership would give either side the edge in the digital economy.
Combined with regulatory hurdles in China, the UK's national security investigation could prompt SoftBank to rethink its sale of Arm to NVIDIA.
The US chipmaker's ambitious plan to take on the manufacturing might of TSMC and Samsung reflects the scale of the challenge it faces.
Apple used its One More Thing event to launch the M1, a new Arm-based chip that will be used in three upcoming devices.