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A new chip foundry entirely paid with tax payers money, and where the profits will go to a private corporation? (the 'socialize losses, privatize profits') htt

by zoobab 5y ago

A new chip foundry entirely paid with tax payers money, and where the profits will go to a private corporation? (the 'socialize losses, privatize profits') https://twitter.com/EIF4eu/status/1438041794940395523 https://twitter.com/EIF4eu/status/1438041794940395523 "The @EU_Commission announced a new European Chips Act, in order to jointly create a state-of-the-art European #chip ecosystem including production."

notimetorelax 5y ago
At this point with chip shortages it’s in EU’s interest to attract businesses to build it. Even if it costs us to build it, overall we’ll benefit from it. How much is lost due to stopped Audi plants?
- zoobab 5y ago
  "attract businesses to build it" I am wondering how that will work with the current "state aid" framework. The current crisis is an opportunity to empty the public coffins, full of state aids everywhere, especially to large corporations, and send the bill afterwards to the people that have to pick up the bill. No thank you. As for cars, we don't need those chips, cars were fine before without all those useless electronics.
  - throwaway59553 5y ago
    >As for cars, we don't need those chips, cars were fine before without all those useless electronics. But how will they make sure you need to have your car checked every 12 months and bill you for some vague "electronic component"?
wisethrowaway1 5y ago
The EU Commission is desperate to find niches where it becomes an essential dealmaker. To their dismay, after 50 years of trying hard, they are still an irrelevant institution economically, a net negative for businesses and individuals. The chip industry will and can sort their issues perfectly on it's own. In fact one of the top chipmakers is already European, and they are doing extremely well, they don't need any political help.
throwaway59553 5y ago
It's either a private firm that will keep all the profits, instead of sharing a part, as if paying a loan or royalties, beyond paying wages for the created jobs, or a bunch of University teachers that have no clue about managing a company.

by zoobab 5y ago

notimetorelax 5y ago

At this point with chip shortages it’s in EU’s interest to attract businesses to build it. Even if it costs us to build it, overall we’ll benefit from it. How much is lost due to stopped Audi plants?

zoobab 5y ago
"attract businesses to build it" I am wondering how that will work with the current "state aid" framework. The current crisis is an opportunity to empty the public coffins, full of state aids everywhere, especially to large corporations, and send the bill afterwards to the people that have to pick up the bill. No thank you. As for cars, we don't need those chips, cars were fine before without all those useless electronics.
- throwaway59553 5y ago
  >As for cars, we don't need those chips, cars were fine before without all those useless electronics. But how will they make sure you need to have your car checked every 12 months and bill you for some vague "electronic component"?

wisethrowaway1 5y ago

The EU Commission is desperate to find niches where it becomes an essential dealmaker. To their dismay, after 50 years of trying hard, they are still an irrelevant institution economically, a net negative for businesses and individuals. The chip industry will and can sort their issues perfectly on it's own. In fact one of the top chipmakers is already European, and they are doing extremely well, they don't need any political help.

throwaway59553 5y ago

It's either a private firm that will keep all the profits, instead of sharing a part, as if paying a loan or royalties, beyond paying wages for the created jobs, or a bunch of University teachers that have no clue about managing a company.