Vice-President of the European Commission Neelie Kroes said: "We need to join up our efforts if we are to win back and defend a leading position for Europe. I am happy that this partnership is now active - it shows that the EU and Member States can work together quickly when there is a clear case for action. The regulation to set it up was approved in less than a year!"
The European Commission launches a €5 billion public-private partnership:
It is called Electronic Components & Systems for European Leadership (ECSEL) and is aimed to make Europe the place to make and buy innovative micro and nano-electronics. This Joint Technology Initiative (JTI) will help industry launch new pilot projects and build on the €1.79 billion already invested in existing pilot lines and demonstrators. The Commission receives from a group of CEOs from the electronics industry their industrial roadmap which will state that Europe can capture up to 60% of new electronics markets, and double the economic value of semiconductor component production in Europe within the next 10 years.