4 ms·
If you walk into a European supermarket, fashion store or MediaMarkt there is very little coming from the US. The giant container ships are coming from the East
by Yeul 2y ago
If you walk into a European supermarket, fashion store or MediaMarkt there is very little coming from the US.
The giant container ships are coming from the East not the West.
- FirmwareBurner 2y agoThe chips and software in a lot of those products are coming from the US, even if the final products are manufactured in the East. The US makes the biggest margins from valuable IP and software services, not from mass produced widgets coming in shipping containers.
- BlackFly 2y agoChips made with Dutch chip fabrication technology to English chip designs... The software situation is grim but maybe open source somewhat ameliorates that...
- FirmwareBurner 2y ago>Chips made with Dutch chip fabrication technology Using american EUV light sources....this train of who makes what in the supply chain can go on forever, the point is who's making the highest margins from the end product and it's not ASML nor ARM but Nvidia, AMD, Qualcomm, Microsoft, Apple, Google, etc. Hence my point that while EU has some IP, its value is dwarfed by the IP the US makes. Just look at market cap of US vs European tech sector. It's not even a competition. ASML can't offset that. I think Apple has enough cash in the bank to buy ASML if they wanted to.
- BlackFly 2y agoThe profits aren't the point. The questions that Europeans are asking themselves as shown in the featured article is how far away they are from independence from an untrustworthy trading partner.
- zppln 2y agoSure. My microwave from 1988 is about the only thing made in the US in my home (interstingly an Electrolux). However, every purchase I make is with a Visa card. Most services I use are American. And as I'm typing this... anyone know a European alternative to SwiftKey? :P
- simongray 2y ago> anyone know a European alternative to SwiftKey? :P Sadly, SwiftKey is/was actually a UK company that was acquired by Microsoft. Most successful European tech start-ups seem to end up being acquired by one of the American tech giants. Perhaps this is will be ending now.
- lentil_soup 2y agoElectrolux is Swedish though. Or you mean it was actually built in the US but sold by Electrolux?
- zppln 2y agoBuilt in the US and sold by Electrolux, yes.