Home Business News Searching for a "driver's seat" for the EU, Breton met chipmakers' operators

Searching for a “driver’s seat” for the EU, Breton met chipmakers’ operators


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© Reuters. FILE PHOTO: ntel’s logo was drawn during preparations at the CeBit computer fair in Hanover

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By Michel Rose and Douglas Busvine

PARIS / BERLIN (Reuters) – European industry director Thierry Breton will hold discussions with the chief executive of chip manufacturer Intel (NASDAQ 🙂 and a competitor’s top executive. Taiwan TMSC on April 30, when the EU seeks to protect itself from global supply chain shocks.

Breton will meet with Intel CEO Pat Gelsinger in Brussels next Friday and will also hold a video meeting with Maria Marced, President of TMSC Europe, on the same day, the European Commissioner said.

“Strengthening our autonomy doesn’t mean isolating yourself in a world where supply chains are global,” Breton told Reuters.

“In parallel with exploring how we can enhance Europe’s capabilities … we will continue to build bridges with international partners – but with us in the steering chair,” he said. add, confirm meetings.

Breton is looking to persuade a leading chipmaker to set up a large manufacturing plant in the EU to help fulfill the Commission’s strategic goal of securing the most advanced chip manufacturing technology for the next decade.

The ambition, part of the Commission’s Digital Compass strategy, is expected to double Europe’s share of global semiconductor production by 20% and produce the most advanced 2-nanometer chips by 2030.

Breton’s push for technology ‘sovereignty’ comes as soaring demand for everything from consumer electronics to cars disrupted global supply chains and shows the continent’s reliance on chips. Made in Asia.

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Gelsinger, the novice, has announced its intention to build a ‘fab’ in Europe as part of a reset strategy in which Intel will launch a foundry – or contract manufacturing – and Invest billions of dollars in new production capacity.

However, according to sources in Brussels, Breton is keen to return to TSMC, which many consider to be an undisputed industry leader and better in command of manufacturing processes. the most advanced. TSMC declined to comment.

Analysts warn that choosing a large factory in Europe could be a strategic mistake because the continent – which does not make high-end electronics nor does it have a modern chip design industry – lack of a viable market.

Local chipmakers like Infineon (OTC :), STM and NXP (NASDAQ 🙂 have given up on their aspirations to take the lead years ago and are now niche players focusing on segments like umbrellas. bowl.

However, with Breton setting a big investment target, speculation is spreading about the location of a ‘eurofab’ in the future, with his hometown of France, the German cluster of Dresden and neighboring Poland being mentioned. Access is potential locations.

Gelsinger is also expected to visit Germany during a European visit next week, Politico quoted an Intel official as saying.

A Munich-based Intel spokesperson did not confirm this and the German Economy Ministry declined to comment, saying it did not confirm or decline the meetings as a policy issue.

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