VNE - Qualcomm CEO: Company willing to work with European chip foundries--report

Qualcomm (QCOM -1.1%) Chief Executive Cristiano Amon said his company is willing to consider working with European-based chip foundries, under the right circumstances. According to a report from Reuters, 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:QCOM) 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

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Qualcomm CEO: Company willing to work with European chip foundries--report