In a groundbreaking move to diversify their supply chains and lessen dependence on China, Japan and the European Union have initiated discussions to collaborate on advanced materials crucial for next-generation chips and batteries, as reported by the Nikkei on Saturday.
Iliana Ivanova, the EU commissioner for innovation and research, emphasized the mutual benefits of establishing a dialogue framework between the two entities in areas of shared interest. In a written interview with the business daily, Ivanova stated, “Establishing such a dialogue framework in areas of common interest would benefit both sides.”
The proposed framework, slated for launch as early as April, is a strategic response to the EU’s aim to reduce reliance on China for critical materials like rare metals, essential components for applications such as electric-vehicle batteries, according to the Nikkei.
