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IFX - Infineon Technologies AG News Story

€35.49 0.0  0.1%

Last Trade - 16/04/21

Sector
Technology
Size
Large Cap
Market Cap £40.00bn
Enterprise Value £43.17bn
Revenue £8.04bn
Position in Universe 35th / 1048

BREAKINGVIEWS-EU chip factory fantasy puts cart before horse

Fri 26th February, 2021 10:13am
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Liam Proud LONDON, Feb 26 (Reuters Breakingviews) - Commissioner Thierry Breton wants an advanced semiconductor plant to cut reliance on Asia. The problem is that Europe’s chip designers and carmakers are ill-equipped to use such a cutting-edge site. Getting them on side, and investing more in research, is the place to start. Full view will be published shortly. On Twitter https://twitter.com/liamwardproud CONTEXT NEWS - The European Union is exploring how to produce cutting-edge semiconductors within the bloc, Bloomberg reported on Feb. 11. The industry’s leading players, Taiwan Semiconductor Manufacturing and Samsung Electronics, could be involved in any plans, according to the report. - Germany, France and 17 other EU countries in December agreed to join forces to invest in processors and semiconductor technologies, in a push to catch up with the United States and Asia. - Commissioner Thierry Breton said in July 2020 that Europe needed to “invest massively” to produce high-performance processors as small as 2 nanometres to 3 nanometres. - For previous columns by the author, Reuters customers can click on PROUD/ - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Joint declaration https://ec.europa.eu/newsroom/dae/document.cfm?doc_id=73000 Breton speech https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_20_1362 Bloomberg article https://www.bloomberg.com/news/articles/2021-02-11/europe-weighs-semiconductor-foundry-to-fix-supply-chain-risk BREAKINGVIEWS-Europe’s chip M&A invaders merit partial knockback urn:newsml:reuters.com:*:nL8N2KF62W ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Editing by George Hay and Karen Kwok) ((liam.proud@thomsonreuters.com; Reuters Messaging: liam.ward-proud.thomsonreuters.com@reuters.net))
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