Good Intentions. But honestly I doubt the outcomes. Atleast its good news for NXP/INFN/ST/Atmel and their employees.
Doing "20 percent of global chip production." competitively, in Europe , is a highly ambitious target.
I am sorry, but I fear Europe has missed the boat. Even billions of euros from the tax payers will not change that. Anyway, I believe in the future of the software industry, IT consulting and services. So, let's spend the money better for those projects.
a little too late for europe, a new leading edge 300mm fab is 6 billion dollars, 450nm I dont even know how much, so three of them? I dont think so, especially when only two foundries are making money, TSMC and SMIC everybody else is losing money.
I don't think there is a revenue model....
apart from tax and spend....
But to quote from the "Nanoelectronics beyond 2020" document: "The companies and institutes in Europe’s nanoelectronics ecosystem propose a strategic research and innovation program with a total investment
of 100 billion € up to the year 2020. By 2020, the programme aims to increase Europe’s
nanoelectronics-based world-wide revenues by over 200 billion € per year, and create an
additional 250,000 direct and induced jobs in Europe."