CEOs of European chip makers concerned about nationalist industrial policies

The CEOs of Europe's three biggest computer chip makers on Monday said that demands by the U.S., Chinese and European governments that each region have its own semiconductor production are a worsening obstacle to business. In a rare joint appearance following the election of Donald Trump to the U.S. presidency for a second term, the CEOs of Infineon of Germany, French-Italian firm STMicroelectronics and NXP of the Netherlands said their businesses have been suffering from uncertainty and the trend toward nationalist industrial policies seen over the past decade. "Fragmentation is happening on the supply side, and potentially with tariffs, which are written on the wall, it will get worse", he said.