News roundup: Europe's semiconductor dreams, Facebook scraps HK cable plans, & Oppo usurps Huawei as Chinese smartphone leader

A round up of this week's technology news including the EC's plans to take on US & China in the semiconductor race, National Security concerns force Facebook to scrap Hong Kong undersea cable plans, and Huawei begins to lose its grip on the Chinese smartphone market.

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Europe to become a semiconductor leader

Over the past few months, there have been numerous reports about a global semiconductor shortage that's slowing down the production of everything from the latest smartphones to brand new cars.

With this issue affecting many parts of the globe, the European Commission this week unveiled a bold goal to manufacture 20 percent of the world's computer chips in Europe over the next decade (as per a BBC report). Last year, this figure stood at 10 percent. This will see the EU take the US and China head-on in an international semiconductor arms race.

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