Global Economy
Western semiconductor manufacturing will come at ‘higher cost’ to consumers
Kurt Sievers, head of one of the world’s largest microchip companies, said the “de-coupling” of manufacturing to the EU and US will increase cost of consumer goods even if it creates more local microchip manufacturing capacity
The re-shoring of semiconductor manufacturing capacity to Europe and the US will increase the cost of consumer goods, electric cars and smart home appliances, the head of one of the world’s largest microchip companies has warned.
Kurt Sievers, chief executive of NXP Semiconductors, the Dutch microchip company, said the “de-coupling” of semiconductor manufacturing back to western countries would come at a “higher cost” to consumers. He added that it will likely cost €500 billion for ...
