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The core of the analysis stems from data gathered from expert informants across five of Europe‟s leading clusters, namely those located in Leuven (Belgium); Dresden (Germany); Eindhoven (Netherlands); Grenoble (France); and Cardiff (UK). The report finds that the massive decline of the European semiconductor industry has been partly due to the structural changes occurring across the industry, especially in terms of patterns of consolidation and the growing requirements for critical mass across the value chain.