The EU is “very unlikely” to meet the target of a 20% market share in semiconductors by 2030, according to the European Court of Auditors
The European Court of Auditors' building. Photo credits: European Union
The EU has made reasonable progress in implementing its microchips strategy, but is very unlikely to meet the target of a 20% global market share in cutting-edge and sustainable chips by 2030, according to a highly critical report published on April 28 by the European Court of Auditors (ECA).
The EU is currently “far off the pace” needed to meet the ambitions set as part of the Digital Decade plan, and requires a “reality check,” said Annemie Turtelboom, the ECA member in charge of the audit. The target was “overly ambitious considering the Commission’s limited resources in terms of finance and mandate,” she said.
The Commission is currently in talks over the next iteration of the Chips Act, which was adopted in 2023 in response to global supply chain disruptions during the COVID-19 pandemic. Auditors are urging officials to learn from the current initiative and begin preparing its successor with…
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