European Electronics companies are set to invest €100 billion, create 250 000 jobs and double European computer chip production by 2020.
A newly formed group of Electronics CEOs meets today to begin a new push to put Europe the leading edge in the design and manufacturing of micro- and nano-electronics. The recently adopted European Electronics Strategy aims to achieve a number of milestones by 2020:
- to facilitate industry investment of €100 billion;
- to double the value of EU micro-chip production; and, in the process,
- to create 250,000 new direct jobs in Europe.
Chaired by Ben Verwaayen (former CEO of BT and Alcatel) the Electronic Leaders Group (ELG) brings together the leaders of Europe's 10 largest semiconductor and design companies, equipment and materials suppliers and of the three largest research technology organisations (see Annex for full list of members).
The ELG will establish, by the end of the year, a strategic roadmap showing how they can reverse the downward trend of chip production in Europe.