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EU approves Chips Act aiming to double semiconductor market share by 2030 (www.gsmarena.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

They're not saying they're aiming for a large share of the market, just twice what they have now. If they have a very small share now, while willingly relying on foreign production, it shouldn't be hard to double that share by improving their underdeveloped manufacturing capacity.

We could joke and say two times 0% is still 0%, but what they're aiming for is probably something like two times 10%, ie 20%. Not a hell of a lot, but twice what they have now.