Summary
A report by the European Court of Auditors (ECA) has criticized the EU’s plan to secure 20% of the global semiconductor market by 2030 as “essentially aspirational” and “deeply disconnected from reality.” The ECA concluded that the EU is “very unlikely” to achieve this target amid surging global demand for microchips driven by sectors such as defense, green technology, and artificial intelligence. The findings raise concerns about the bloc’s ability to effectively respond to the growing needs for semiconductor supplies.
