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EU's Microchip Strategy Under Fire: Only 8% Targeted

4/29/2025

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Summary

Story summary

The European Court of Auditors has raised alarms over the EU's microchip strategy, deeming it unrealistic in achieving a 20% global market share by 2030. With fragmented funding and a pressing need for better coordination, the report reveals that the EU is on track to produce a mere 8% of chips, falling significantly behind its rivals.

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Story summary

The European Court of Auditors has raised alarms over the EU's microchip strategy, deeming it unrealistic in achieving a 20% global market share by 2030. With fragmented funding and a pressing need for better coordination, the report reveals that the EU is on track to produce a mere 8% of chips, falling significantly behind its rivals.