Despite the obvious privacy and security concerns, it seems clear that the proliferation of chips will continue, and when it comes to clothes and accessories, RFID/NFC is just the starting point. As people are becoming increasingly used to the fact that everything can be located, chips will find their ways to even more products and new use-cases will emerge.
Read MoreThe EU urgently needs its own chip manufacturing
If the US is feeling stressed about the global chip situation, the EU should be outright panicking. It’s high time that the EU has woken up and attempts to do something for the sake of “digital sovereignty”. Let’s hope the intervention doesn’t come too late, because in matters that are complex and capital intensive, change doesn’t happen overnight.
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