Europe must do more to attract fabs, GlobalFoundries CEO says

12/11/2012 | Reuters

European governments must provide more financial incentives if they want to have semiconductor companies build wafer fabrication plants on the continent, according to GlobalFoundries CEO Ajit Manocha. "This is a competitive world. If I go to Asia, they'll roll out the red carpet for us; they'll do lots of subsidies. The state of New York does a good job," he said Tuesday in San Francisco. "Europe is not playing that role properly."

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