MUNICH -- Semiconductor supplier Qualcomm is open to working with foundries in Europe if incentive programs to boost automotive chip production on the continent attract the right partners, CEO Cristiano Amon said.
Foundries in Europe are now geared towards mass production of semiconductors, Amon told Reuters at the IAA Munich auto show, 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 automakers 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 auto 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.