Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

EU chip goal 'unrealistic' says ASML CEO

electronicsweekly.com

Post reply on HN
Print view View original

91–100 of 318 posts

Re: EU chip goal 'unrealistic' says ASML CEO

#91

Post by postepowanieadm »

georgeecollins wrote: post #88
DropPanda wrote: post #55

Earlier quoted context omitted.

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…

>> locally quite high $80k annual income (STEM PhD, 40yo) I love Europe, both for the lifestyle and the safety net. But the salaries are kind of shocking for an American.

Healthcare, education and retirement/social security included.

Re: EU chip goal 'unrealistic' says ASML CEO

#92

Post by apexalpha »

dekleinewolf wrote: post #69
EtienneK wrote: post #64

Earlier quoted context omitted.

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.

I work for the largest ISP (KPN) and started at €43k for my traineeship about 6 years ago. I'm now at €80k.

€40k is way too low, way way too low. People starting out in regular jobs in healthcare or education without too much education already make €45k.

€45k is 'modaal' in 2024, the modal salary for the entire country.

I think your numbers are about 10 years behind reality.

Re: EU chip goal 'unrealistic' says ASML CEO

#93

Post by chucke1992 »

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…

Nah, I don't see Europe producing their own silicon valley - EU has over-regulated and a fragmented market. Too many regulations lead to less enterprises, while fragmentation (Germany, France, etc. with their own regulations + language barriers) prevents companies from growing big in their home soil.

Anecdotally, I feel like Sweden produces more startups that grow large worldwide. I presume, they have less regulations in place + English is more widespread I guess.

Re: EU chip goal 'unrealistic' says ASML CEO

#94

Post by izacus »

ouroborosidiots wrote: post #74
izacus wrote: post #59

Earlier quoted context omitted.

How exactly does that benefit the country outside driving up the cost of living for locals (which can't afford rents, houses or other services), since they actually have to pay taxes and are outbid by foreigners which don't really contribute that much to the tax base or have any intention of staying beyond the time in which they extract maximum wealth?

> driving up the cost of living for locals. That means they are spending a lot of money they earn on the local economy itself no? So even if their taxes are higher, if they are creating value in the economy, the locals do end up seeing those benefits imo. From the perspective of a someone in country that loses a lot of talented/educated citizens to brain drain, If i were in charge of a country to which high skilled i…

What kind of money are they spending?

Besides money directly transferred to wealth land owners via rents, some service owners, the rest goes back to savings to be spend after leaving the country. How are most netherlanders actually benefiting here?

Re: EU chip goal 'unrealistic' says ASML CEO

#95

Post by Moldoteck »

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…

I meant not just US comps but Spotify/Booking/etc... Was asking because was reading some comments in the past that the pay is not that competitive

Re: EU chip goal 'unrealistic' says ASML CEO

#96

Post by mejutoco »

jdietrich wrote: post #89
onion2k wrote: post #79

Earlier quoted context omitted.

Obviously they cannot all be right. As a percentage of the market, that's true, but if the subsidies grow the whole market then every block's dollar value of market share can all go up. Every startup learns this lesson quite early on. It's a heck of a lot easier to grow a market by 5% than it is to take 5% of the market from a competitor, mostly because competitors do things to try to stop you.

Sure, but the semiconductor market is mature bordering on stagnant. There's a high-risk/high-reward competition for the leading edge that is currently dominated by TSMC, but there's just not much money to be made from the older nodes that the automotive, aviation and military segments care about. Building out capacity to secure your supply chains is potentially a very sensible strategic decision, but I'll eat my hat…

After, if we assume from Apple sales, everybody got a mobile phone, AI could be what makes it non-stagnant again. Just companies ordering GPUs and servers, plus more and more similar features being shipped to consumer hardware could make a difference.

I do not have any data though, just thinking out loud.

Re: EU chip goal 'unrealistic' says ASML CEO

#98

Post by Moldoteck »

dekleinewolf wrote: post #67
Moldoteck wrote: post #27

Earlier quoted context omitted.

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.

well, looking at the other comment in this thread, looks like the pay is kinda smaller compared to say Spoti/Booking/similars and not comparable with big tech

Re: EU chip goal 'unrealistic' says ASML CEO

#99

Post by TheAlchemist »

postepowanieadm wrote: post #91
georgeecollins wrote: post #88

Earlier quoted context omitted.

>> locally quite high $80k annual income (STEM PhD, 40yo) I love Europe, both for the lifestyle and the safety net. But the salaries are kind of shocking for an American.

Healthcare, education and retirement/social security included.

And no tipping !

It's hard to really compare between the countries, but I feel like one should almost x2 an EU salary, to get an US equivalent, in terms of quality of life offered.

Re: EU chip goal 'unrealistic' says ASML CEO

#100

Post by chucke1992 »

TheAlchemist wrote: post #39
jacquesm wrote: post #19

Earlier quoted context omitted.

That it is news to you doesn't mean it isn't true. ASML is strategic enough that NL actually adapted some rules that wouldn't fly for any other Dutch company. ASML has to go to Washington to ask for export permits for items that it would be free to export under Dutch/EU law. That doesn't happen without a very good reason.

Didn't know that ! But I think that point of view underestimates EU a bit. I know it's a running joke that EU is becoming an open air museum etc, while the US companies are pushing forward all the innovation. Well, if I look at biggest EU companies I see global healthcare leaders, ASML, chemical industry leaders, luxury brands etc. When I look at biggest US companies, I see quite a bit of, let's say, irrational exube…

"EU is becoming an open air museum" lol
Post reply on HN