Pasquale Pistorio, president and chief executive of STMicroelectronics, will chair the Technology Platform group of a new European initiative called ENIAC (European Nanoelectronics Initiative Advisory Council). European companies in micro and nanoelectronics will work together in this group to develop and implement a coherent European nanoelectronics strategy. ENIAC's mission is to implement the recommendations of a report called "Vision 2020: Nanoelectronics at the centre of change." The report, which is the work of a group of industry executives and research organizations, has the support of European Commission services. In turn, ENIAC will support public and private R&D investments in nanotechnology.