A European Court of Auditors report suggests that the EU's target of achieving a 20% global market share in microchips by 2030 is unrealistic, despite the introduction of the EU Chips Act in 2023. The report calls for a reassessment of the Act's ambitions in light of global competition and resource availability. The EU's current share is around 9%, with projections showing only slight increases. The report emphasizes the need for a new semiconductor strategy and highlights the limited financial contribution of the EU compared to global competitors.