> So far, however, the law has done little to spur the construction of new semiconductor factories in Europe. The European Court of Auditors concluded last year that the EU is unlikely to achieve its goal of doubling Europe’s share of the global chip market by 2030.

They should make another law and probably a few more commissions of auditors.

Untrue. TSMC is just building a state of the art chip factory in Dresden, and they are certainly using ASML.