NVDA$184.77+1.2%·TSM$348.70+2.9%·ASML$1,383.87+1.9%·AMD$202.68+3.6%·AVGO$352.33+1.9%·MU$405.35+4.1%·INTC$45.88-5.5%·HBM4 Spot$18.40/GB+5.2%·CoWoS Util97.2%+0.8%
NVDA$184.77+1.2%·TSM$348.70+2.9%·ASML$1,383.87+1.9%·AMD$202.68+3.6%·AVGO$352.33+1.9%·MU$405.35+4.1%·INTC$45.88-5.5%·HBM4 Spot$18.40/GB+5.2%·CoWoS Util97.2%+0.8%
Policy & CapitalMarch 9, 2026· 13 min read

The EU Chips Act at Two Years: €69 Billion Mobilized, Strategic Gaps Remain

Two years after entering force, the EU Chips Act has catalyzed €69 billion in public and private semiconductor investment. But the European Court of Auditors projects the EU will reach only 11.7% global market share by 2030 — far short of the 20% target. Intel Magdeburg is cancelled. The STMicroelectronics/GlobalFoundries French fab is shelved. And Chips Act 2.0 is already in the works.

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