4 ms·
Did ARM count? China and the US have a huge single language market. The EU has a single market with tons of languages. It's much harder for a British or German
by NeedMoreTea 8y ago
Did ARM count?
China and the US have a huge single language market. The EU has a single market with tons of languages. It's much harder for a British or German startup to spread EU wide equivalent to how a US startup can achieve reach across the US and Canada. The EU single market only partially mitigates the problem. Single language seems to count much more than a single jurisdiction.
The usual pattern is when someone in the EU gets interesting, they get bought by a larger US outfit. I don't think China yet allows full foreign takeovers, or a selection of their majors might now be US owned or shuttered too. The other standout in your list, Samsung, is a typical huge conglomerate - TVs, monitors, phones, cameras, memory, storage etc, and part of the larger conglomerate with fingers in everything from fridges to ship building.
- barry-cotter 8y agoARM is not in the top 100 firms worldwide by market capitalisation though it is obviously a very impressive achievement. Also, if you’re going to count ARM Cisco, Intel and NVIDIA should all count too and they are in the top 100 firms worldwide by market capitalisation. I’m sure there are many, many reasons the EU only has one software company to compare with the US or China’s behemoths but the fact remains that it does only have one. There are 16 European companies (including Swiss) in the world top 100, minimum, so I don’t see any special reason Europe couldn’t have software companies that are a really big deal outside SAP but compared to the US they don’t. As to standouts Toyota is also an enormous conglomerate though you need to expand the list to get to 32. Taiwan Semiconductor is pretty impressive, worth more than Toyota and no one knows it exists.
- jacquesm 8y agoStop moving the goalposts. You started out by saying there is only one major tech company in Europe.