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EU chip goal 'unrealistic' says ASML CEO

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Re: EU chip goal 'unrealistic' says ASML CEO

#61

Post by throwaway4good »

jacquesm wrote: post #41
kramerger wrote: post #29

Earlier quoted context omitted.

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)

Agreed they don't have a choice, I'm just not so sure about the positive outcome. Xi has built a house of cards and has too much of a cult of personality to create a stable environment.

Wrt. this I don't Xi matters a lot. There is consensus in the broader Chinese leadership that China needs to move up the value chain to the point where it has leadership, and potential self-sufficiency, in all key industries and at the same time stimulate internal demand.

Re: EU chip goal 'unrealistic' says ASML CEO

#62

Post by logifail »

jacquesm wrote: post #37
logifail wrote: post #31

Earlier quoted context omitted.

> don't punish individuals and companies trying to get work done and benefit your economy Getting work done is one thing, why should locals support tax breaks for expats? "Technology companies including ASML Holding NV and Adyen NV called on the Dutch government to maintain a tax break that seeks to attract expatriates to the Netherlands. Ingrid Thijssen, head of the Confederation of Netherlands Industry and Employer…

As a local I support this. Simply because having more smart people eventually benefits Dutch society and the long term is far more important than the short term. Usually this argument is based in some for of jealousy, but consider: an expat gives up their current life to chance it all on another, has stupendously high private costs if they want to keep up with their family and has to start all over again from scratch…

> having more smart people eventually benefits Dutch society

Given that most of them don't stay for even five years[0], how does their temporary presence benefit society?

[0] "80% of expat employees use the facility for 5 years or less" https://www.government.nl/topics/income-tax/shortening-30-pe...

Re: EU chip goal 'unrealistic' says ASML CEO

#63

Post by raverbashing »

Pete_arten wrote: post #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…

The unrealistic part is the 2030 and I agree with them

A semiconductor factory takes time to build and to ramp up

Re: EU chip goal 'unrealistic' says ASML CEO

#64

Post by EtienneK »

jacquesm wrote: post #35
Moldoteck wrote: post #27

Earlier quoted context omitted.

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

I'm not sure if I understand your question correctly, but if you mean the pay compared to US tech companies active in NL then I would say it depends very much on your specialization. Engineer: 40k and up, team lead: 70k and up, project manager: 90k and up. I don't have much data on other roles but the 'and up' is the big factor, depends on seniority and specific skills. What really strikes me is that an extremely hig…

Those salaries seem quite low compared to the Randstad. If these are true, then the answer is "Yes"...

Re: EU chip goal 'unrealistic' says ASML CEO

#65

Post by dr_dshiv »

DropPanda wrote: post #55
logifail wrote: post #31

Earlier quoted context omitted.

> don't punish individuals and companies trying to get work done and benefit your economy Getting work done is one thing, why should locals support tax breaks for expats? "Technology companies including ASML Holding NV and Adyen NV called on the Dutch government to maintain a tax break that seeks to attract expatriates to the Netherlands. Ingrid Thijssen, head of the Confederation of Netherlands Industry and Employer…

I live in a Scandinavian country. Our welfare system is structured such that people are expected to withdraw from the tax pool during the beginning and end of life, and contribute to the pool in between. Adult immigrants will benefit less from the system than locals over their lifetime, but may end up contributing as much. Adult immigrants with advanced degrees who come to work here for a few years and then move out…

It works. After 6 years, I’m stuck in the Netherlands with a 50% tax rate and I love it.

Re: EU chip goal 'unrealistic' says ASML CEO

#66

Post by fragmede »

DropPanda wrote: post #55
logifail wrote: post #31

Earlier quoted context omitted.

> don't punish individuals and companies trying to get work done and benefit your economy Getting work done is one thing, why should locals support tax breaks for expats? "Technology companies including ASML Holding NV and Adyen NV called on the Dutch government to maintain a tax break that seeks to attract expatriates to the Netherlands. Ingrid Thijssen, head of the Confederation of Netherlands Industry and Employer…

I live in a Scandinavian country. Our welfare system is structured such that people are expected to withdraw from the tax pool during the beginning and end of life, and contribute to the pool in between. Adult immigrants will benefit less from the system than locals over their lifetime, but may end up contributing as much. Adult immigrants with advanced degrees who come to work here for a few years and then move out…

For love, or if they have autistic children and a way to emigrate.

Re: EU chip goal 'unrealistic' says ASML CEO

#67

Post by dekleinewolf »

Moldoteck wrote: post #27
jacquesm wrote: post #22

Earlier quoted context omitted.

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

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

ASML is well known for it's exceptionally high pay compared to other Dutch tech companies.

Re: EU chip goal 'unrealistic' says ASML CEO

#68

Post by yourusername »

ThalesX wrote: post #46
jacquesm wrote: post #35

Earlier quoted context omitted.

I'm not sure if I understand your question correctly, but if you mean the pay compared to US tech companies active in NL then I would say it depends very much on your specialization. Engineer: 40k and up, team lead: 70k and up, project manager: 90k and up. I don't have much data on other roles but the 'and up' is the big factor, depends on seniority and specific skills. What really strikes me is that an extremely hig…

> Engineer: 40k and up [...] I'm sure Google or FB would pay more There's body shops in Eastern Europe that pay more for junior frontend developers...

Minimum wage in the Netherlands is about 26k a year so i sure hope it skews to "and up", you can make 40k at a helpdesk resetting people's passwords.

Re: EU chip goal 'unrealistic' says ASML CEO

#69

Post by dekleinewolf »

EtienneK wrote: post #64
jacquesm wrote: post #35

Earlier quoted context omitted.

I'm not sure if I understand your question correctly, but if you mean the pay compared to US tech companies active in NL then I would say it depends very much on your specialization. Engineer: 40k and up, team lead: 70k and up, project manager: 90k and up. I don't have much data on other roles but the 'and up' is the big factor, depends on seniority and specific skills. What really strikes me is that an extremely hig…

Those salaries seem quite low compared to the Randstad. If these are true, then the answer is "Yes"...

Can you name me 3 tech companies in the Randstad that aren't consultancy that pay more than that?

I don't think these numbers are exceptionally high but they're not low either.

Source: Former SWE, current PM in the Randstad.

Re: EU chip goal 'unrealistic' says ASML CEO

#70

Post by mschuster91 »

yurishimo wrote: post #13

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…

> The infrastructure is basically all in place for Europe to foster its own Silicon Valley, with homegrown production to boot!, but it will come down to politics to make it a reality.

This x1000. Germany, for example, created the worldwide market for solar in the first place with the EEG subsidies, and German companies were technology and market leaders for a long time.

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