• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Qualcomm CEO open to working with foundry partners in Europe

September 8, 2021 by David Barret Leave a Comment

September 8, 2021

By Christoph Steitz

MUNICH (Reuters) – Semiconductor supplier Qualcomm is open to working with foundries in Europe if incentive programmes to boost automotive chip production on the continent attract the right partners, Chief Executive Cristiano Amon said.

Foundries in Europe are now geared towards mass production of semiconductors, Amon told Reuters at the IAA car show in Munich, but there is a welcome debate under way about investing in high-end production that is interesting to Qualcomm.

“There is a very constructive dialogue taking place, by the French government, the European government, I think they have an interest in attracting foundries to Europe,” Amon said in an interview.

To tackle a chip shortage that has hit Europe’s carmakers and exposed its dependence on Asia, the EU is pushing for multibillion-dollar investments to double the continent’s share of global chip production over the next decade.

Also at the Munich car show, U.S. chipmaker Intel flagged investments of up to 80 billion euros ($95 billion) over the next decade in two major European chip plants, with details to be announced by the end of this year.

Intel will also open up its semiconductor plant in Ireland for automakers, CEO Pat Gelsinger said in a keynote speech.

LEADING EDGE

Most of Qualcomm’s manufacturing is aimed at leading-edge technology, with the majority of foundries in that area located in Taiwan, South Korea and the United States, Amon said, adding it was in full support of the EU plans to attract foundries.

“In the event that that happens with the leading process technology, Qualcomm is definitely going to be interested in utilising those foundries.”

The California-based group, the world’s No.1 supplier of key semiconductors in mobile phones, has been pushing into the car sector with chips that can power dashboards and infotainment systems at the same time.

Qualcomm’s commitment to the car sector is also reflected by a recent $4.6 billion bid for Swedish auto parts maker Veoneer Inc, which Amon said had been well received by the industry.

“We’re in the automotive industry to stay,” he said.

Amon, who took the helm at Qualcomm in June, said he was meeting the CEOs of all major German carmakers this week, adding Qualcomm was now working with 23 of the 26 global automotive brands.

“Today we have existing commercial relationship and future planned relationships with all the German carmakers,” Amon said, adding it had built up a $10 billion contracted backlog in its automotive business over the past four years.

This week, Qualcomm announced a deal with France’s Renault, which followed an agreement with General Motors earlier this year.

Qualcomm works with all major global foundries, or contract manufacturers, including Taiwan Semiconductor Manufacturing, Samsung Electronics, GlobalFoundries and Semiconductor Manufacturing International.

Amon said the company had done a lot in the past 12 months to build new manufacturing facilities with its suppliers to counter the global chip shortage: “We expect to enter 2022 with the majority of this problem behind us.”

(Reporting by Christoph Steitz Editing by Douglas Busvine and Mark Potter)

Source Link Qualcomm CEO open to working with foundry partners in Europe

David Barret
David Barret

Related posts:

  1. Tennis – Azarenka calls for mandatory COVID-19 vaccinations
  2. Apple offers small concession in easing App Store rules for Netflix, others
  3. U.S. weekly jobless claims fall; layoffs at 24-year low
  4. Explosion snags $6M on $120M valuation to expand machine learning platform

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Alien Life Could Be Found By Simply Changing The Shape Of Telescopes
  • Lion Cubs Seen In Africa’s Bamingui-Bangoran National Park For The First Time In Decades
  • Contender, The Largest Male Great White Shark In The North Atlantic, Prowls Off The US Coast
  • Sneaky Spiders Can Turn Trapped Fireflies’ Glow Into A Handy Hunting Tool
  • A New Lineage Of Tropical Mammoths Is Discovered In Mexico
  • Rain At Burning Man? Prepare For The Return Of The Three-Eyed Dinosaur Shrimp
  • Supercell Storm Leaves 200-Kilometer-Long Hail Scar Across Canada’s “Hailstorm Alley”
  • “I Never Thought I’d Get To See A Blue Lobster In Person”: Meet Neptune, He’s 1-In-2-Million
  • Why Don’t Polar Bears Hibernate?
  • Anyone Born After 1939 Is Unlikely To Live To 100
  • Are Space-Made Medicines The Future? Find Out More In Issue 38 Of CURIOUS – Out Now
  • An Alien-Like Fish With A See-Through Head And Green Eyes Lurks In The Ocean’s Dark Depths
  • Africa Wants To Change Misleading World Map, The “Wow!” Signal Was Likely From An Extraterrestrial Source, And Much More This Week
  • A “Good Death”: How Do Doctors Want To Die?
  • People Are Throwing Baby Puffins Off Cliffs In Iceland Again – But Why?
  • Yet Another Ancient Human Skull Turns Out To Be Denisovan
  • Gen Z Might Not Be On Course For A Midlife Crisis – Good News, Right? Wrong
  • Glowing Plants, Punk Ankylosaur, And Has The Wow! Signal Been Solved?
  • Pulsar Fleeing A Supernova Spotted Where Neither Of Them Should Be
  • 20 Years After Hurricane Katrina: Is It Time For A New Approach To Hurricane Classification?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version