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EU chip goal 'unrealistic' says ASML CEO

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21–30 of 318 posts

Re: EU chip goal 'unrealistic' says ASML CEO

#22

As a knowledge worker who immigrated to the Netherlands in 2022 and also lives in Eindhoven, these insights and discussions are super interesting to me. Unlike most of my nearby expat peers, I didn't move here to work at ASML or Philips, but now that I'm here, it's undeniable; the appeal of working for such companies is huge. Obviously, companies want to make money, but the goals of the government have somewhat been…

Go for it. They're cutting edge and a good employer too.

Re: EU chip goal 'unrealistic' says ASML CEO

#24

This can become very realistic by 2025 even. Just poach the brains at ASML, shower them with money (you know those fucking 50 millions bonuses that shitty CEO's enjoy nowadays), give them free hand for all decisions (both tech creativity and management) and voila! - goal achieved. Doubt will happen since this "goal" smells more like another "it's electoral year, let's make some noise in the press" rather than an actu…

Money doesn't motivate people for highly technical work, in that way. I suppose if by "shower them with money" you mean provide them with best in class tools then yeah, sure, but then best in class tools have to be built by dedicated and caring engineers. If you gave the average staff engineer an $xmillion bonus that wouldn't appreciably increase their work quality.

Re: EU chip goal 'unrealistic' says ASML CEO

#25
post #2

This is an existential goal, so what if it doesn't appear realistic. Satisfying natural gas demand without The Pipe was also unrealistic.

Vader: "Perhaps I can find new ways to motivate them. The Emperor does not share your optimistic appraisal of the situation."

Re: EU chip goal 'unrealistic' says ASML CEO

#26

So you don’t have to click through: “ The goal of the EU’s $43 billion Chips Act of achieving a 20% world market share for European producers by 2030”

One wonders how much of it is incompetence and how much just plain corruption. Anyone remember the glorious 5-year plan to build a European Google? I think they named it Quaero.

Re: EU chip goal 'unrealistic' says ASML CEO

#27

As a knowledge worker who immigrated to the Netherlands in 2022 and also lives in Eindhoven, these insights and discussions are super interesting to me. Unlike most of my nearby expat peers, I didn't move here to work at ASML or Philips, but now that I'm here, it's undeniable; the appeal of working for such companies is huge. Obviously, companies want to make money, but the goals of the government have somewhat been…

Go for it. They're cutting edge and a good employer too.

Isn't the pay smaller compared to other big companies in NL?

Re: EU chip goal 'unrealistic' says ASML CEO

#28

All the big blocks: EU, US, South Korea, Taiwan, and China assume that their subsidy policies will expand their market share. Obviously they cannot all be right. The only that I think is given that will expand its global market share is China. Paradoxically because of the US sanctions and the fact that it relies so much on imports presently.

>Obviously they cannot all be right. Sure they can, just ban imports. Each country/trade bloc ends up with their own chip.

They don't have to. The US is doing the banning.

Re: EU chip goal 'unrealistic' says ASML CEO

#29

All the big blocks: EU, US, South Korea, Taiwan, and China assume that their subsidy policies will expand their market share. Obviously they cannot all be right. The only that I think is given that will expand its global market share is China. Paradoxically because of the US sanctions and the fact that it relies so much on imports presently.

Having the largest internal market which is still on the rise probably also helps, but China has enough problems that it may all come to nothing in the end.

But after the trade war with Huawei and zte they don't really have a choice, do they?

A multi billion dollar company will not just lay down and die when its shut out from the open market, it will use its muscles to create its own.

Hisense is not the market leader, but they have done a significant leap in the last 5 years (Not all of it through legal means thought)

Re: EU chip goal 'unrealistic' says ASML CEO

#30
I think it might not be completely unrealistic, after all, the goal of the Chips act is to support, to promote investments in the semiconductor industry. There are currently 7 factories in construction and 8 more in planning stages. This info is from December 2022, so by now I will assume something is already finished or in the final stages and possibly more plans have been made.

Also, setting high goals might not be a bad thing, even if you don't reach them you might still get far and do enough change to make a significant impact on something.

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