Will Europe’s semiconductor companies start making more products here?

Her plan has come to be known as the 10:100:20 plan. In it, Europe puts up €10billion; industry puts up €100bn and the result is that Europe gets a 20% share of global semiconductor revenues, as well as another 250,000 jobs. It's as easy as that. Some observers didn't think the Electronics Leaders Group (ELG) would sign up to the idea, but it appears it has. Let's reinforce areas where we're good, it says, while targeting high growth areas and 'smart' technology. All fine and good. But part of the Kroes plan is about building semiconductor manufacturing in Europe. Until as late as two weeks ago, many of the companies involved in the ELG weren't particularly interested in that. Now, their submission includes the phrase 'growing leading edge semiconductor manufacturing'. What that actually means hasn't been revealed, but ELG has until June to transform its ideas into actions. Previously, there has been talk about the EC building, or at least subsidising heavily, a 450mm fab. But there's no point in that if Europe's semiconductor companies won't use it. Is it just possible the ELG has changed its mind - or had it changed?