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    Home > Top Stories > France calls to step up EU independence on electronic components
    Top Stories

    France calls to step up EU independence on electronic components

    Published by linker 5

    Posted on February 15, 2021

    1 min read

    Last updated: January 21, 2026

    French Finance Minister Bruno Le Maire and EU Internal Market Commissioner Thierry Breton discuss the urgency of reducing Europe's reliance on Asian electronic components, emphasizing strategic independence for the EU's industrial future.
    Bruno Le Maire and Thierry Breton address EU independence in electronics - Global Banking & Finance Review
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    PARIS (Reuters) – French Finance Minister Bruno Le Maire called on Monday for a new plan on electronic components to reduce European dependence on Asian suppliers in the domain this year.

    Le Maire told reporters such dependence was unacceptable and was making the European Union vulnerable in industries such as car manufacturing that had run short of some components from Asia.

    Speaking at a news conference along with EU Internal Market Commissioner Thierry Breton, Le Maire also raised concerns about plans for takeovers by foreign companies of EU firms in the electronics sector.

    “We believe it is essential to reinforce the European industrial strategy with the objectives of retaining Europe’s industrial capacities, developing them in the near future and assuring Europe’s strategic independence,” Le Maire said.

    (Reporting by Michel Rose; Writing by Matthieu Protard; Editing by Mark Heinrich)

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