There's growing concern that the US is losing pace in semiconductor startups (although we've seen intriguing outliers leveraging crowd-funding to make products).
Cadence CEO Lip-Bu Tan
Rick Merritt at EE Times, in a recent piece, quoted Cadence CEO Lip-Bu Tan as framing a more dire situation than most have suspected.
According to Merritt:
China and India are pouring money into semiconductors and "the U.S. government should do the same," said Tan. If it doesn't, some day U.S. engineers "will have to go to China to work, and its painful to see your kids go to the other side of the world," he said.
"If the VC trend is not reversed, innovation will be threatened, so it's important to see more startups funded," said Tan. "The China and India governments are making semiconductors a strategy industry, but I would hate to see those countries have the most semiconductor companies."
Tan knows of what he speaks: He's an ex-venture capitalist.
Here's Merritt's complete take on the situation.
This article was originally published on EBN's sister publication Drive for Innovation.