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THE PARADOX OF COMPETITIVENESS IN THE EUROPEAN SEMICONDUCTOR INDUSTRY

INTRODUCTION The semiconductor industry is one of the most dynamic "high-tech" industries (the average annual growth rate was about 16% for the last thirty years). Moreover, the role played by the semiconductors as intermediary products is crucial for the performance of the downstream products (telecommunications, aerospace, automotive...), as witnessed by the increasing pervasiveness rates. These features allow us to consider the semiconductor industry among the top strategic worldwide activities.