ECA, Europe will fall short of planned microchips production quota

Brussels – The EU is very unlikely to reach its goal of a 20 per cent share of the world microchip market by 2030, according to a new ECA report.

Although the Chips Act of 2022 has given new impetus to the European microchip industry, the investments that have resulted from it are unlikely to improve the EU’s position in this field.

The Commission is responsible for only 5 per cent (€4.5 billion) of the estimated €86 billion in funding from the Chips Act through 2030. The remainder is expected to come from member states and industry. By comparison, the world’s leading manufacturers have planned investments of 405 billion euros in a single three-year period from 2020 to 2023, a figure compared to which the Chips Act’s financial firepower, according to the court, appears modest.