Overview

• The European Court of Auditors (ECA) has deemed the EU's goal of securing 20% of the global semiconductor market by 2030 as unrealistic, projecting only 8–11.7% market share by that time.
• Achieving the 20% target would require a fourfold increase in production capacity, which current funding and progress are insufficient to support.
• The ECA criticized the fragmented nature of funding, with only 5% of the €86 billion target centrally coordinated by the European Commission, limiting strategic oversight.
• Delays in flagship projects, such as Intel's postponed €30 billion Magdeburg plant, highlight risks of concentrating subsidies on a few major players.
• The ECA recommends urgent corrective actions, including systematic monitoring and preparation of a revised 'Chips Act 2.0' with clearer, more realistic objectives.