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EU Chips Act faces major gaps, European Court of Auditors says

( April 30, 2025, 08:08 GMT | Official Statement) -- MLex Summary: The EU Chips Act is unlikely to meet its 2030 target of 20 percent global chip market share due to vague goals, insufficient funding and slow rollout, the European Court of Auditors warns in a report published today. The audit finds that heavy reliance on member states and private investment, as well as energy costs, put progress at risk. The auditors urge clearer definitions, better coordination and stronger monitoring of results. They also recommend the European Commission to carry out an urgent reality check and prepare for the next strategy.The report is attached. ...

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