A report issued by the European Court of Auditors reveals that the European Union's ambition to secure a 20% share of the global semiconductor market by 2030 is encountering significant challenges. Despite investing €86 billion under the 'Chips Act', this amount appears modest in comparison to the €405 billion invested by leading global manufacturers. Consequently, it is projected that Europe's market share will increase only marginally, from 8% to 11.7%, by 2030. The report urges a realistic reassessment of the current situation, a reevaluation of strategic objectives, and the development of a revised semiconductor strategy by 2026.
