Feeds

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

Emphasis on innovation over manufacturing helps Asia, not EU

3 Big data security analytics techniques

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." ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Lavabit loses contempt of court appeal over protecting Snowden, customers
Judges rule complaints about government power are too little, too late
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Don't let no-hire pact suit witnesses call Steve Jobs a bullyboy, plead Apple and Google
'Irrelevant' character evidence should be excluded – lawyers
EFF: Feds plan to put 52 MILLION FACES into recognition database
System would identify faces as part of biometrics collection
Whoever you vote for, Google gets in
Report uncovers giant octopus squid of lobbying influence
Ex-Tony Blair adviser is new top boss at UK spy-hive GCHQ
Robert Hannigan to replace Sir Iain Lobban in the autumn
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Alphadex fires back at British Gas with overcharging allegation
Brit colo outfit says it paid for 347KVA, has been charged for 1940KVA
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.