Link:
https://www.usnews.com/news/top-news/articles/2024-11-11/ceos-of-european-chip-makers-concerned-about-nationalist-industrial-policies
2 replies (most recent on top)
Like most global corporations sales to China are a large segment of revenue. With US restrictions on selling to China it impacts revenue. NXP revenue to China is greater than revenue from US. NXP to leave America and invest in 300mm to keep aligned with ability to sell without restrictions. The combinations of heavy handed tariffs and restrictions to companies in US is a risk overall to doing business in America unless your company can be the single marker provider to US citizens. Which is not great for US consumers, but the only way a company would want to move here. The political insecurity of the US at moment is another risk to consider.
They should be concerned instead of keeping their engineers to do the work on their companies instead of finding excuses to lay them off...