EU's Vestager: We Can't Depend on 'Very Few, Very Big' Chip Producers

The transcript discusses the investment in digital technologies over the next decade, emphasizing the need for private sector involvement due to market failures. It highlights the potential of European startups and the importance of diversifying the chip manufacturing supply chain. The conversation also touches on regulatory challenges faced by tech companies and their impact on democracy, with references to cases like Apple and Spotify. Additionally, it explores global cooperation on tech regulation and the ongoing discussions about global and EU digital taxation.

What is the primary goal of investing in digital technologies over the next decade?

• To create a monopoly in the market

• To focus only on digital skills

• To crowd in private investments

• To solely use public funds

What is the significance of the €21 billion investment mentioned in the transcript?

• It is for chip manufacturing

• It is for public infrastructure

• It is for digital skills development

• It is for building new tech companies

What is the EU's approach to creating world-beating companies?

• Relying solely on public funds

• Ignoring foreign interest in startups

• Encouraging private investments and innovation

• Focusing only on large corporations

Why is it important to diversify the supply chain for chip manufacturing?

• To ensure competitive pressure in global markets

• To reduce production costs

• To increase dependency on a few producers

• To focus only on local markets

What common concern do the EU and US share regarding technology companies?

• The need for more public investments

• The focus on local markets

• The reduction of digital skills

• The impact of technology on democracy

What is the EU's stance on digital taxation in relation to global corporate tax debates?

• To focus only on local taxation

• To ensure they dovetail but are seen as separate

• To completely separate the two issues

• To ignore global corporate tax debates

How does the EU plan to handle foreign subsidies according to the transcript?

• By aligning with the G7's approach

• By ignoring them

• By creating its own rules

• By increasing subsidies