The review continues:
'For future processes there are on-track programmes to deliver timely 0.35 micron and 0.25 micron processes and as a tour de force: "A Jessi milestone is to develop a 0.18-micron process using optical lithography by the end of 1996" according to Jessi process boss Jean Paul Klein.
Besides process technology Jessi can point to success in supporting a world-class company in the crucial area of chip lithography (ASM) and the development of commercial chip-sets for GSM telephones for digital audio broadcast equipment and for asynchronous transfer mode (data communications) products.
These achievements and many others have fed the most important of Jessi's targets - the revitalisation of Europe's top semiconductor companies. "Europe's semiconductor industry has never been in better shape" says Doug Dunn Chairman of Europe's largest chip company Philips Semiconductors.
Dunn is expecting revenue increases of some 25 per cent and profits of over half a billion dollars this year. His chief European rivals Siemens Semiconductor and SGS-Thomson are in financially better nick then they've been for a decade.
The long decline in the world market share of the European chip companies has ended and will now start to grow says SGS President Pasquale Pistorio; to Siemens' President Jurgen Knorr the future is one of profitable growth .
All of which is a far cry from the early 80s when industry pundits were saying that microelectronics was something best left to the Americans and Japanese who understood these things and who could be relied upon to keep us supplied with chips as freely and on as favourable terms as they supplied them to their domestic customers.'
The 1994 review ends:
'Now it seems unimaginable that Europe could ever have been prepared to let the microelectronics business go hang.'
And now, in 2012, will Europe let the industry go hang?