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EU Chips Act II Grants Funding, Targets Missed by 2030

5/1/2026

29 5 Full Breakdown

Summary

Story summary

The draft Chips Act II will let the European Commission award direct grants to large, cross-border semiconductor projects, ending its research-only role.
The plan, due in late May, also expands EU funding to chipmaking machinery, materials and circuit-board production.
The European Court of Auditors warned the EU will likely miss its 20 % global chip-market share target, projecting only about 12 % by 2030 after project delays.

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Story summary

The draft Chips Act II will let the European Commission award direct grants to large, cross-border semiconductor projects, ending its research-only role.
The plan, due in late May, also expands EU funding to chipmaking machinery, materials and circuit-board production.
The European Court of Auditors warned the EU will likely miss its 20 % global chip-market share target, projecting only about 12 % by 2030 after project delays.