Finally East was asked about Europe's fortunes and whether the fall of Nokia and exits from electronics manufacturing were a source of concern. East, who sits atop a company that turns in profits quarter after quarter, expressed the belief that the situation is not as based as it is portrayed. "We do participate in some European collaborative research projects. And there is quite a lot of innovative electronic system design going on in the U.K."
East added: "Nokia's numbers are heading south but this can change. They missed out on the smartphone revolution so they will probably decline for a bit longer. But they have a fantastic record of re-inventing themselves. I wouldn't bet against Nokia."
East said that while things may look disappointing if we measure European presence in established markets such as consumer electronic equipment production and the mobile phone sector it is important to look forward. "Maybe other industries will develop in Europe – like the Internet of Things. There's great potential for Europe to play a leading part."
ARM TechCon is organized by UBM the publisher of EE Times.
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