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Europe launches $12 billion chip support campaign

5/23/2013 11:53 AM EDT
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Peter Clarke
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re: Europe launches $12 billion chip support campaign
Peter Clarke   5/24/2013 10:13:10 AM
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That would be STMicroelectroncs

Loek.Frederiks_#2
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re: Europe launches $12 billion chip support campaign
Loek.Frederiks_#2   5/24/2013 11:07:53 AM
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It all starts with convincing young people that it doesn't make sense anymore to pick an education aimed at earning "easy money" or get a diploma in a relaxing way. We have more than enough unemployed communication advisors, lawyers, economics etc. A technical profession is still considered difficult, low status, geeky, boring etc. People forget an economy can't sustain in the long term by just shifting "services".

adapteva
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re: Europe launches $12 billion chip support campaign
adapteva   5/24/2013 12:26:26 PM
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Peter, I do hope EU considers setting some of the money aside to create micro-seeds for chip startups. Big grants often leads to big waste. Putting aside 5% of the $6B program to fund one hundred early startups would give incredible long term ROI. $3M should be enough to go from concept to low volume production in many instances. Andreas

AnySilicon
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re: Europe launches $12 billion chip support campaign
AnySilicon   5/24/2013 12:30:45 PM
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Great news. Its never too late!

Peter Clarke
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re: Europe launches $12 billion chip support campaign
Peter Clarke   5/24/2013 2:10:38 PM
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Hi Andreas The Eurpoean Commission (the admin arm of the EU) has another, not inconsiderable, pot with venture capital money to fund startups.

CharlieCL
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re: Europe launches $12 billion chip support campaign
CharlieCL   5/24/2013 3:12:29 PM
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It is unlike AirBus project. It is more like Clean Energy project. The difference is a real object vs an abstract concept.

moloned
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re: Europe launches $12 billion chip support campaign
moloned   5/24/2013 4:14:24 PM
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Bottom line 6B would not even pay for one wafer fab at the geometries relevant over the next 7 years and 700M/yr over 7 years is a drop in the ocean. What is required if the EC wants to account for 20% of global wafer starts is something like the Mega project in the mid 80s along with structural changes in the tax regieme to make it viable to build wafer fabs in Europe

moloned
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re: Europe launches $12 billion chip support campaign
moloned   5/24/2013 4:17:08 PM
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Also VCs are not putting money into fabless companies irrespective of whether the EC is one of their LPs or not Andreas knows this very well The only thing that will fix the semiconductor market is to feed large amounts of the tax take on semiconductor enabled products back into fabs and fabless companies Don't hold your breath

old account Frank Eory
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re: Europe launches $12 billion chip support campaign
old account Frank Eory   5/24/2013 5:10:53 PM
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It is indeed a very ambitious goal, especially with such a modest sum spread across the entire supply chain.

Adele.Hars
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re: Europe launches $12 billion chip support campaign
Adele.Hars   5/25/2013 12:37:08 PM
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Indeed - that's where Giorgio Cesana, FD-SOI mover & shaker at ST got his degree. They have a big analog/power team there, too (see http://www.advancedsubstratenews.com/2011/04/smart-power-saves-power/ , for example).

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