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EU Semiconductor Market Share Target at Risk, Warns Court

5/1/2025

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Summary

Story summary

The European Court of Auditors warns that the EU is set to fall short of its ambitious 20% global semiconductor market share goal by 2030, with projections at just 11.7%. High energy costs, material shortages, and disjointed funding pose significant hurdles. The ECA calls for a reevaluation of the Chips Act to boost competitiveness and tackle these pressing challenges.

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Story summary

The European Court of Auditors warns that the EU is set to fall short of its ambitious 20% global semiconductor market share goal by 2030, with projections at just 11.7%. High energy costs, material shortages, and disjointed funding pose significant hurdles. The ECA calls for a reevaluation of the Chips Act to boost competitiveness and tackle these pressing challenges.