“Every macro-economic region has to have controlled access to microelectronics technology to maintain its industrial prosperity,” said Pistorio.
Yesterday, Jack Ma said: “The market of chips is controlled by America … and suddenly they stop selling. Japan, China, any country should have their own technology. A company should take responsibility for its customers, for the global future.”
Pistorio’s successors abandoned the leading edge process technology bequeathed to them in order to focus on an accountancy-driven strategy focussed on profitable niches.
Europe’s semiconductor market share has declined ever since.
Now, by denying chips to ZTE, America has shown how wise Pistorio was.