EU Creates Alert System for Semiconductor Supply Chain

The European Commission recently launched a new semiconductor supply chain alert system that will allow companies and customers to raise awareness of any disruptions within Europe’s semiconductor supply chain. The Commission said the Semiconductor Alert System will help it gather information needed to establish risk assessments and quickly react to any potential crisis situation.

The introduction of the pilot program will be part of the third pillar of the recently introduced European Chips Act, which aims to strengthen and monitor Europe’s semiconductor supply chain.

Read more: Where Will High-Tech Manufacturers Get Their Semiconductors?

The recommendation that accompanied the EU Chips Act led to the creation of the European Semiconductor Expert Group (ESEG), a platform that coordinates semiconductor supply chain efforts while assisting the EU Commission with the implementation of existing and future regulations. Once this proposal is completely implemented into the EU Chips Act, the ESEG will be replaced by the European Semiconductor Board, which will be composed of representatives from Member States and chaired by the European Commission.

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• Source: https://www.supplychainbrain.com/articles/37263-eu-introduces-alert-system-for-semiconductor-supply-chain