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MEPs back dropping EU's 20% chip market share goal

Original: Key MEPs back dropping EU’s 20% chip market share target

Key members of the European Parliament have backed dropping the EU's target of holding a 20% share of the global chip market. The goal was set out in the European Chips Act, and the move signals a retreat from one of the bloc's flagship semiconductor ambitions as it struggles to compete with the US and Asia in chip manufacturing.

Why now: The European Parliament is revising targets under the EU Chips Act, a flagship industrial policy under strain.

European ParliamentEuropean UnionEuropean Chips Act

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