European Commission ups the ante
The implication is clear even if the outcome is not.
indicating that it may be advantageous to combine the likes of
STMicroelectronics, Infineon Technologies AG, NXP Semiconductors NV and
others because manufacturing semiconductors is of a strategic interest
to Europe and too expensive at the leading edge for these companies to
pursue on their own.
"If we are really going to succeed and throw
our weight on the world stage, we need even more to work together, and
act together at a European level," the text of Kroes' speech said.
this is just the first stage of raising consciousness in Europe, even
though ideas along the lines of such megamergers have been floated many
times before (see Former ST executive proposes European chip supercompany
acknowledged in the text of her speech: "But the Commission can't bring
this about on its own. We can take the lead and start the talks – but
we need others to commit, too. Commit financially: and commit to doing
things differently. So I need to know, how far are member states, the
research community, and industry prepared to work towards this goal?"
question is really whether the European Commission can turn the
sovereign debt crisis that is washing over the continent right now into a
spur for strategic spending and intervention, using the argument that
difficult times require radical measures. The alternative is that a
break-up of the euro financial zone and the internal tensions it exposes
will prove so overwhelming a distraction that it will be a stimulus for
nothing but lethargy, weakness and continued decline.
Related links and articles:
Text of Neelie Kroes speech
EuroFab450 is an ambitious dream
European report considers 450-mm More-than-Moore fab
Ex-ST exec proposes European super chip company
Borel's European chip industry proposal in full