“Securing the supply in the most advanced chips has become an economic and geopolitical priority. Our objectives are high: doubling our global market share by 2030 to 20%, and producing the most sophisticated and energy-efficient semiconductors in Europe.”
European Commissioner for the Internal Market
Said Feb 8, 2022Deadline Dec 31, 2030European Commission press release on the European Chips Act, 8 February 2022
Deadline is 2030. The European Court of Auditors concluded in April 2025 that the 20% target is very unlikely to be reached, citing the Commission's own forecast of roughly 11.7% EU share by 2030.