The battle for dominance in the global semiconductor market is often framed as one between the U.S. and China, but there’s a lot more nuance to it in reality.
Kearney’s “10th Annual Reshoring Index Report” showed 96% of CEOs are considering reshoring operations, have decided to reshore operations, or have already reshored operations in 2023.
While the G7 statement was not specifically directed at China, the group believes a high concentration of supply chains in any single country is undesirable.
The move by the Netherlands would apply to both spot and long-term contracts. The nation is a transit country for gas supplies, meaning that the decision could have a broader European impact.