The European Court of Auditors (ECA) has criticized the EU's microchip strategy as unattainable, noting that its target of supplying 20% of global microchips by 2030 is mostly aspirational. The report highlights challenges such as fragmented investment efforts across member states and the intense global demand for semiconductors driven by various sectors like defense and AI. It warns of potential supply chain vulnerabilities exacerbated by geopolitical tensions, emphasizing the urgent need for the EU to reassess its approach to achieve competitiveness in the semiconductor market.
We are competing in a global race, but from the back of the field, and it is unclear whether we have the means to be successful in this race.
We are making promises that are deeply disconnected from reality, Turtelboom told reporters at the launch of the report.
Microchip shortages can cause huge problems for industry, as seen when the lack of microchips for German carmakers caused production to collapse.
The bloc was very unlikely to meet its 2030 target of supplying 20% of the world's microchips at a time when global demand is booming.
#eu-microchips-strategy #european-court-of-auditors #supply-chain-vulnerabilities #global-semiconductor-demand #2030-target
Collection
[
|
...
]