The newly formed Electronics Leaders Gropu (ELG) want to invest EUR 100 million into micro-chip production by 2020. The CEOs of the electronics companies met on 16 October to begin a new push to put Europe on the leading edge in the design & manufacturing of micro- and nano-electronics. The recently adopted European Electronics Strategy will seek to double the value of EU micro-chip production; and, in the process, create 250,000 new direct jobs in Europe. Chaired by Ben Verwaayen (former CEO of BT and Alcatel), the ELG brings together the leaders of Europe's ten largest semiconductor and design companies, equipment and materials suppliers and largest research technology organisations. Members include Carlo Bozotti (CEO of STMicroelectronics International), Reinhard Ploss (CEO of Infineon), Rutger Wijburg (CEO of Globalfoundries Dresden), Rick Clemmer (CEO of NXP), Hubert Lakner ( executive director of Fraunhofer Institute for Photonic Microsystems IPMS), Mike Muller (CTO of ARM), Peter Wennink (CEO of ASML), Andre-Jacques Auberton-Herve (CEO of SOITEC), Luc van den Hove (CEO of imec), Jean Therme ( director of rechnology of CEA), Eamonn Sinnott, (Intel VP technology & manufacturing group and GM of Intel Ireland). 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.