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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16665325" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3738035-qualcomm-ceo-company-willing-to-work-with-european-chip-foundries-report" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3738035-qualcomm-ceo-company-willing-to-work-with-european-chip-foundries-report" target="_blank">Qualcomm CEO: Company willing to work with European chip foundries--report</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Qualcomm (<a href="https://seekingalpha.com/symbol/QCOM" target="_blank">QCOM</a> -1.1%) Chief Executive Cristiano Amon said his company is willing to consider working with European-based chip foundries, under the right circumstances.</li> <li data-xf-list-type="ul"><a href="https://www.reuters.com/business/qualcomm-ceo-open-working-with-foundry-partners-europe-2021-09-08/" target="_blank">According to a report from Reuters</a>, Amon said European countries would need to implement incentive programs that attract the right partners and are aimed at improving the production of semiconductor for automobiles in order to for Qualcomm (NASDAQ:<a href="https://seekingalpha.com/symbol/QCOM" target="_blank">QCOM</a>) to expand its business with the continent's chip foundries. Amon spoke about the chip-foundry issue at the IAA car show being held in Munich this week.</li> <li data-xf-list-type="ul">Amon told Reuters, "There is a very constructive dialogue taking place, by the French government, the European governments, I think they have an interest in attracting foundries in Europe."</li> <li data-xf-list-type="ul">The European Union is seeking to get its members to put more money into chip production as part of an effort to reduce dependence upon foundries in China and elsewhere in Asia. The entire chip industry has been caught in an ongoing product shortage this year that has led to reductions in supplies and higher prices across the tech sector. The majority of Qualcomm's manufacturing is handled by foundries in Asia where its products are made for many of the world's leading cellphone companies, and the chipmaker is taking steps into the automotive market with chips that are used in car dashboards and entertainment systems.</li> <li data-xf-list-type="ul">On Tuesday, a Reuters report said Qualcomm had reached a deal to <a href="https://seekingalpha.com/news/3737394-qualcomm-to-supply-chip-for-new-renault-electric-vehicle" target="_blank">provide digital dashboard chips for a new electric vehicle from French automaker Renault</a>. Last month, Qualcomm appeared to be in the driver's seat to acquire <a href="https://seekingalpha.com/news/3731817-veoneer-is-expected-to-land-in-qualcomms-lap-with-magna-standing-down" target="_blank">Swedish auto parts maker Veoneer (NYSE:</a><a href="https://seekingalpha.com/symbol/VNE" target="_blank">VNE</a>) in a deal worth approximately $4.6 billion.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16665325, member: 137766"] [URL='https://seekingalpha.com/news/3738035-qualcomm-ceo-company-willing-to-work-with-european-chip-foundries-report'] Qualcomm CEO: Company willing to work with European chip foundries--report[/URL] [LIST] [*]Qualcomm ([URL='https://seekingalpha.com/symbol/QCOM']QCOM[/URL] -1.1%) Chief Executive Cristiano Amon said his company is willing to consider working with European-based chip foundries, under the right circumstances. [*][URL='https://www.reuters.com/business/qualcomm-ceo-open-working-with-foundry-partners-europe-2021-09-08/']According to a report from Reuters[/URL], Amon said European countries would need to implement incentive programs that attract the right partners and are aimed at improving the production of semiconductor for automobiles in order to for Qualcomm (NASDAQ:[URL='https://seekingalpha.com/symbol/QCOM']QCOM[/URL]) to expand its business with the continent's chip foundries. Amon spoke about the chip-foundry issue at the IAA car show being held in Munich this week. [*]Amon told Reuters, "There is a very constructive dialogue taking place, by the French government, the European governments, I think they have an interest in attracting foundries in Europe." [*]The European Union is seeking to get its members to put more money into chip production as part of an effort to reduce dependence upon foundries in China and elsewhere in Asia. The entire chip industry has been caught in an ongoing product shortage this year that has led to reductions in supplies and higher prices across the tech sector. The majority of Qualcomm's manufacturing is handled by foundries in Asia where its products are made for many of the world's leading cellphone companies, and the chipmaker is taking steps into the automotive market with chips that are used in car dashboards and entertainment systems. [*]On Tuesday, a Reuters report said Qualcomm had reached a deal to [URL='https://seekingalpha.com/news/3737394-qualcomm-to-supply-chip-for-new-renault-electric-vehicle']provide digital dashboard chips for a new electric vehicle from French automaker Renault[/URL]. Last month, Qualcomm appeared to be in the driver's seat to acquire [URL='https://seekingalpha.com/news/3731817-veoneer-is-expected-to-land-in-qualcomms-lap-with-magna-standing-down']Swedish auto parts maker Veoneer (NYSE:[/URL][URL='https://seekingalpha.com/symbol/VNE']VNE[/URL]) in a deal worth approximately $4.6 billion. [/LIST] [/QUOTE]
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