Earlier quoted context omitted.
Man, I wish I too shared such optimism in EU or other massive multi government bureaucratic organizations to pull something off like this in 2021. But sorry I simply don’t. From my experience with gov trying to do tech investment it’s going to go into the pockets of late career overpaid ‘executives’ with ‘industry experience’ and tons of (also overpaid and underqualified) contractors doing the same thing. Not the bri…
> Not the brilliant engineers you imagine are going to run it. I have no doubts brilliant European engineers are going to work on the hard problems of shipping a next gen chip process and design... In America! What the EU should do is earmark some of that money to be directly paid as engineering salaries. Of course they won't: that would reduce the piece of the pie of all the non-technical managers and bureaucrats!
This is what China's doing: offering double salaries to Japanese and Taiwanese engineers to lure them away, because tech salaries in Japan and Taiwan are quite low by global standards (even lower than China's).