Feeds

GlobalFoundries CEO: Europe must 'wake up' and help industry

Emphasis on innovation over manufacturing helps Asia, not EU

Secure remote control for conventional and virtual desktops

The CEO of chip-baker GlobalFoundries, Ajit Manocha, believes that European Union bureaucrats – "Brussels," as he refers to them – need to "wake up" or the continent's industrial base will suffer.

"One of the fundamental flaws in [European] thinking [is that] they are focused on innovation. There's no focus on manufacturing in Brussels," Manocha said to reporters at this week's International Electron Devices Meeting (IEDM) in San Francisco.

He told his interlocutors about a meeting that he had in Berlin with "the right people" – whom he declined to identify – during which he discussed the EU's support for industry. "I said, 'Okay, you do focus on innovation, and you're giving support to various companies in Europe for innovation, and if you're not investing in manufacturing, who's going to benefit from innovation? Asia, right?'"

Those unnamed right people didn't directly respond to Manocha's assertion of the error of their ways, but he believes he could discern their response. "I think that their body language was, 'Why didn't we think of that?'"

Chip manufacturing in Europe has been declining, year-on-year, but chip purchasing is still strong, he said, in great part because of auto manufacturing. "The numbers of chips going into a car are very strong – the sensors and the controllers," he said. "That's really helping."

But for the euros spent on those chips to land in European pockets, Manocha believes that policy must change. "The benefit of the European demand will not come to Europe unless ... Brussels wakes up," he said, "[and] comes up with the right kind of partnerships with industries on innovation and manufacturing."

The reason is simple: countries outside the EU offer more support for manufacturing – funding and tax breaks, for example. Manocha mentioned that he finds receptive stateside powers-that-be regarding GlobalFoundries' plant in Malta, New York, and also said that, "if I go to Asia, they will roll out the red carpet for us."

In his opinion, it's time for the EU to join in. "Europe will benefit more if they play a role like the other governments play with us in the other countries, the other continents," he said. "It's a competitive world."

To the reporter who asked the original question about declining chip manufacturing in the EU – who was himself European – Manocha said, "That's really a message that you should take back to Brussels, and I'll be more than happy to join you in that."

And about those bureaucrats in Brussels, "I'm waiting for them to wake up and call – otherwise I'll probably call them." ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Britain's housing crisis: What are we going to do about it?
Rent control: Better than bombs at destroying housing
GCHQ protesters stick it to British spooks ... by drinking urine
Activists told NOT to snap pics of staff at the concrete doughnut
Top beak: UK privacy law may be reconsidered because of social media
Rise of Twitter etc creates 'enormous challenges'
What do you mean, I have to POST a PHYSICAL CHEQUE to get my gun licence?
Stop bitching about firearms fees - we need computerisation
Ex US cybersecurity czar guilty in child sex abuse website case
Health and Human Services IT security chief headed online to share vile images
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
Oz biz regulator discovers shared servers in EPIC FACEPALM
'Not aware' that one IP can hold more than one Website
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.