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A robust silicon economy and innovation ecosystem is taking root in Europe, just as the global microelectronics industry is coming out of the recession.

Europe's emerging free-trade zone of innovation is being created by an elite community of leaders linked to silicon and its derivative technologies, including nanotechnology and smart energy technology.

Innovation and technology development thrive in an environment of creative intellectual energy that offers a networked economy, proximity to research institutions and universities, unique intellectual property development, a diverse base of high-tech talent, access to investment capital and infrastructure. This economic alchemy is no longer the exclusive preserve of Silicon Valley.

However, from a competitiveness perspective, historically, Europe has always struggled to hold its own in the global semiconductor business where it has long ranked behind the Americas, Japan and Asia Pacific in absolute terms of total market share.

To read the full, original article click on this link: Seven reasons Europe's a 'next Silicon Valley' | http://www.thenextsiliconvalley.com

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