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STMicro CEO sees no reason to take part in EU chip alliance

tonyget

Member

PARIS (Reuters) - Franco-Italian chipmaker STMicroelectronics sees no reason to join a potential European Union semiconductors alliance, its chief executive said on Tuesday, as the European Commission is seeking to boost Europe's independence in microchips.

CEO Jean-Marc Chéry told BFM Business that the Commission's initiative is a positive development but added that his firm had no interest in taking part.

Chéry said he expects the chip shortage is not about to end. "The imbalance between demand and capacity is such that this will last at least a year," he said.

STMicro produces a wide range of chips, from low-margin microcontrollers to more sophisticated sensors used in smartphones and autonomous vehicles.

European industry chief Thierry Breton said last month there are now 22 EU member states joining forces in a new alliance to support the local production and development of semiconductors to reduce the bloc's reliance from foreign suppliers.

The European Commission's ambition is to double Europe's market share in global chips and semiconductor production from 10% to 20% by 2030.
 

Daniel Nenni

Admin
Staff member
The EU has STM (France/Italy), Bosch (Germany), GF (Germany), and Intel (Ireland) manufacturing semiconductors. This does not seem hard to do. What am I missing here?
 

tooLongInEDA

New member
"The European Commission's ambition is to double Europe's market share in global chips and semiconductor production from 10% to 20% by 2030."

Frankly, it's more likely to reduce further than increase. Asia is still powering ahead. China appears to have invested heavily, but so far with little to show for it. India hasn't even got started, but could become a player later. Succeeding in the semi manufacturing business these days requires - amongst other things - access to huge amounts of affordable capital, a very long term strategic view and nerves of steel to sit it out through the downturns. This no longer appeals to Wall Street (and probably hasn't for 20 years now). I don't sense the determination to see it through exists here in Europe either. We seem to prefer the instant (or faster) gratification of software activities. Not saying that's necessarily/always wrong. But it's a different mindset from making chips.
 
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