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now what if your car stopped working and you couldnt buy a new one because manufacturers cant get their hands on a teeny tiny but tremendously important component needed for the vehicle to function well thats been a real problem around the world due to shortages in microchips also called semiconductors it has also caused a major security headache for governments with microchips being crucial for transport networks and defense systems now the European Union has struck a deal that would boost production of semiconductors and help the EU break its Reliance on suppliers in other countries prior shortages were largely attributed to supply issues linked to covet 19. factories in Taiwan and China making the chips have reopened but the backlog remains docHub and Ben Riga joins me now from Brussels for more band first up why are semiconductors and an increased domestic production so important for the EU the microchips or semiconductors are an essential commodity for the digitalized econ