The European Commission is preparing an EU chip alliance that will focus on the design and production of 20-10nm chips. One of the three European semiconductor companies has already bowed out.
CEO Jean-Marc Chery of STMicroelectronics said his company won’t be joining the semiconductor alliance that’s being prepared by the European Commission. Talking to French news channel BFM Business, Chery called the initiative a positive development but stated that it bears no relevance for his company. “If it’s about advanced technologies, we don’t have any reason to participate. That’s marginal to our activities,” said Chery.
The European Commission announced the alliance on processors and semiconductor technologies on Wednesday, along with one centered on industrial data, edge and cloud computing. Previously, the EC already put in place European partnerships on batteries, raw materials and hydrogen.
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