EU microchip strategy ‘deeply disconnected from reality’, say official auditors

Plan to supply 20% of the world’s semiconductor chips by 2030 described as ‘essentially aspirational’

The EU’s strategy to secure its own supply of microchips is “deeply disconnected from reality”, a damning report by the official European court of auditors (ECA) has found.

The ECA reported that the bloc was “very unlikely” to meet its 2030 target of supplying 20% of the world’s microchips at a time when global demand for semiconductors is booming to meet the growing needs of defence, green tech and artificial intelligence.

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