The European Chips Act has no clothes

By Peter Clarke, eeNews Europe  |  May 3, 2025

The European Court of Auditors has exposed the disjointed and lacklustre performance of the European Chips Act, albeit with criticism couched in moderate terms.

The European Chips Act is the legislative framework adopted by the European Union in 2023 intended to strengthen the semiconductor ecosystem, address global chip shortages, and boost Europe’s technological sovereignty and competitiveness.

“The Chips Act provided new impetus, although without an impact assessment and clearly defined targets,” is a phrase from the auditors’ report that damns with faint praise.

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