The European Court of Auditors' interim opinion on the EU Chips Act reveals that the EU is likely to miss its ambitious goal of capturing 20% of the global chip market by 2030. Instead, projections estimate only an 11.7% market share. This shortfall highlights the significant challenges ahead, as increasing production capacity fourfold is necessary to meet these targets. The â¬86 billion budget set for this initiative is dwarfed by substantial global investments and underscores the competitive landscape, particularly against major players like TSMC, Intel, and Samsung.
In order to actually get the EU figures to 20 percent of global production, a fourfold increase in current capacity is needed, which requires significant investment.
Despite an allocation of â¬86 billion for chip production until 2030, this is a pittance compared to the â¬425 billion global investment made from 2020 to 2023.
#eu-chips-act #european-court-of-auditors #semiconductor-industry #market-share #investment-challenges
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