US EditionEU 'off the pace' in global microchip race: Auditors
- The European Court of Auditors reported on April 28, 2025, that the EU is far behind its 20% global microchip production target by 2030 despite the 2023 Chips Act.
- This shortfall follows supply chain shocks from the COVID-19 pandemic and intense competition from South East Asia, the US, and others investing vastly more.
- The report criticizes fragmented funding, high energy costs, raw material shortages, and lack of systematic monitoring as key obstacles to fast progress.
- The EU’s market share is forecast to rise from 9.8% in 2022 to only 11.7% by 2030, which ECA member Annemie Turtelboom calls a “reality check” on an aspirational target.
- The ECA recommends urgent corrective actions and a more realistic, timebound strategy like a planned “Chips Act 2.0” to address these issues and geopolitical competition.
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European Chamber of Auditors predicts failure of chip manufacturing plan
The EU’s technological dependence was undressed, among many other areas, as a result of the pandemic. Only in German car factories, the shortage of microchips led to the collapse of its production to levels of half a century ago. The Commission reacted to the European Chips Act, a strategic instrument for investing €86 billion in manufacturing processors on the continent on all electronic devices. The Community Court of Auditors has assessed thi…
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