A newly formed group of Electronics CEOs meets today to begin a new push to put Europe the leading edge in the design & manufacturing of micro- and nano-electronics. The recently adopted European Electronics Strategy aims to achieve a number of milestones by 2020: to facilitate industry investment of 100 billion; to double the value of EU micro-chip production; and, in the process, to create 250,000 new direct jobs in Europe. Chaired by Ben Verwaayen (former CEO of BT and Alcatel), the Electronics Leaders Group (ELG) brings together the leaders of Europe's 10 largest semiconductor and design companies, equipment and materials suppliers and of the three largest research technology organisations (see Annex for full list of members). The ELG will establish, by the end of the year, a strategic roadmap showing how they can reverse the downward trend of chip production in Europe.
At the meeting of the group, European Commission Vice-President Neelie Kroes will say: "The October European Council will discuss the digital revolution that is changing the way we live. Europe's industry, from cars to healthcare increasingly depends on electronics. They are part of people's lives in a way we could not have predicted 10 years ago. The role that European companies play in that digital revolution depends on your ideas and on your products".
In preparing their roadmap, the core ELG will work closely with an open Stakeholder Engagement Forum which will bring together representatives of the industries which depend on the electronics which the ELG's members produce, equipment and materials suppliers, foundries, and integrating companies, all of whom have operations in Europe and who, together, make up the European Electronics sector which employs 2.46 million people in Europe today.