21–30 of 665 posts
How will they be keeping talent? I heard workers in IT are paid low compared to other jobs and especially compared to similar jobs in North America, what stops them. from just going to US/Canada?
you want researchers, and EU has ton of them ;)
I find it quite off putting, that the general approach of EU institutions is to direct resources and economic activity from the top. It not only has demonstrated to be a failure economically, but it's an arrogant attitude by politicians, giving the message they know better than individuals, and that a free market leads to preventable bad outcomes. Also, it's tied to price controls and redistribution concepts. They wi…
Consider that in the US, the decisions are also 'made from the Top' but often from large investment firms that decide where the money goes.
When an industry is small and new, it's more open.
But for commercial aircraft like for regular airlines, there is zero hope unless the government coordinates it. There's no 'hey, invest $20 Billion in my startup, maybe I will have customers some day'. No - you need a national strategy with the airlines buying in.
That said - concerns over central planning are real - not so much in impetus, but in execution.
If Europe could snap it's fingers and for $10 Billion just have competitors to Intel just magically appear - it would be a good investment. Very good.
But unlike roads, tunnels and bridges, you can't just buy innovation.
It's going to take the right leaders, the right investments, the right kinds of innovation.
Which is extremely hard.
I don't know the industry but it may may more sense to come at it from the periphery: possibly by creating design and fabs for more common chips.
Or maybe it makes sense to come at it from an academic/open angle, and get the top Universities to publish open source designs that if industry buyers want, they can get subsidies for fabs.
Finally ... the other parts of the ecosystem are not there as much: there is no more Nokia. There is nobody making computers. There is no 'OS' to guide deep integration.
I think it's reasonable to be wary of this kind of top down sentiment as it's risky and not preferable, and prone to fluffy words without action, at the same time, it's reasonable to address the issue.
I find it quite off putting, that the general approach of EU institutions is to direct resources and economic activity from the top. It not only has demonstrated to be a failure economically, but it's an arrogant attitude by politicians, giving the message they know better than individuals, and that a free market leads to preventable bad outcomes. Also, it's tied to price controls and redistribution concepts. They wi…
Also in the whole article there is no mention of funding. It is probably a tech sharing and licensing agreement more than anything.
I find it quite off putting, that the general approach of EU institutions is to direct resources and economic activity from the top. It not only has demonstrated to be a failure economically, but it's an arrogant attitude by politicians, giving the message they know better than individuals, and that a free market leads to preventable bad outcomes. Also, it's tied to price controls and redistribution concepts. They wi…
They will probably have a similar realization about software in a decade or two.
How will they be keeping talent? I heard workers in IT are paid low compared to other jobs and especially compared to similar jobs in North America, what stops them. from just going to US/Canada?
>Europe’s share of the 440-billion-euro ($533 billion) global semiconductor market is around 10%, with the EU currently relying on chips made abroad. $533 billion for the entire semiconductor industry seems small.. That's like .25 Apples.
So that would make proposed annual US federal funding in semiconductor R&D like .0016 Apples
You're right – when you put it like that it does appear very small.
† (Oct 15, 2020) https://www.prnewswire.com/news-releases/semiconductor-indus...
How will they be keeping talent? I heard workers in IT are paid low compared to other jobs and especially compared to similar jobs in North America, what stops them. from just going to US/Canada?
you don't want workers in IT, look at the USA, other than silicon valey (1 state), they all hire from India, and the salary from other states are comparable to what you find elsewhere in the world, including China you want researchers, and EU has ton of them ;)
I find it quite off putting, that the general approach of EU institutions is to direct resources and economic activity from the top. It not only has demonstrated to be a failure economically, but it's an arrogant attitude by politicians, giving the message they know better than individuals, and that a free market leads to preventable bad outcomes. Also, it's tied to price controls and redistribution concepts. They wi…
> I find it quite off putting, that the general approach of EU institutions is to direct resources and economic activity from the top Isn't that method exactly how the silicon valley, and with it companies like Intel, were created? By the US DoD directing money from the top?
Amazon, Google, Microsoft, Netflix, IBM, list goes on, weren't envisaged by a 60 year old bureaucrat sitting in Brussels or Washington.
They were created by ambitious young men looking to shape the world in their own way.
How will they be keeping talent? I heard workers in IT are paid low compared to other jobs and especially compared to similar jobs in North America, what stops them. from just going to US/Canada?
I guess if someone can suffer the US' shitty conditions, I guess there's nothing stopping them from going there... except for the US's stringent immigration policies. Can't just hop over the pond to go work there, and I'm fairly sure it's easier for a US citizen to work here than the other way around.
Of course, that too is deincentivized thanks to US tax laws (still having to pay income taxes even though you don't live or work in the US).
What will actually happen: some countries will spend a trivial amount of money in a PR stunt with not coordination between the countries and result in no advance for the EU countries participating. Source: All other industries in Europe.
Edit: clarification.