5 ms·

I just want to remind our overseas friends that the EU is not a country and Mistral is French company. The EU rarely bets on a single firm in a single country,

by jacekm 1y ago

I just want to remind our overseas friends that the EU is not a country and Mistral is French company. The EU rarely bets on a single firm in a single country, there are always 26 unhappy countries when something like that is about to happen ;) I am European and I do agree that we should support the European companies but such decision are always results of lengthy deliberations. Does anyone know if there is any company that is proactively supported by the EU?

orbifold 1y ago
Airbus
- sabas123 1y ago
  Exception
  - ChocolateGod 1y ago
    Spotify perhaps?
    - omnimus 1y ago
      Why would you think that?
  - Panoramix 1y ago
    Northvolt, STMicroelectronics, Infineon, ASML itself, Arianespace, Thales, they all receive EU funding and support
    - aakkaakk 1y ago
      Northvolt went bankrupt recently.
    - FirmwareBurner 1y ago
      By that logic all EU companies receive EU funding.
- KeplerBoy 1y ago
  Airbus is a multinational effort with parts of the aircraft being designed and manufactured all over the continent so satisfy all major member states.
Jackpillar 1y ago
Pointlessly pedantic. Everyone knows EU is not a country. Also, ASML and Mistral are from two different countries. That aside, since the Draghi report last year (which was primarily about the innovation gap between the EU/US specifically in tech) and the overall lackluster economic projections, EU officials have been very vocal about losing out to the US (and this time China) in yet another race in a fledgling innovation. There is without a doubt some level of influence & assurances from the EU behind this deal.
- tedggh 1y ago
  The EU has a very long history of killing entrepreneurship. It is not a coincidence the largest and more innovative companies in the planet are not from Europe despite having both the financial and human resources. This is very unlikely to change now, particularly in a domain so sensitive to data privacy like AI for which the EU parliament is very quick and efficient in launching new and more restrictive regulations. Thinking they are going to have a change of heart now is pretty naive. What ASML is doing is buying a seat in the AI train. They can now flex they are an AI company, and some investors love that. That’s all this is, forget about Mistral being critical to ASML R&D, it is not. Siemens would have been a much better fit for Mistral and vice versa, but that ship already sailed as Siemens is heavily integrated with OpenAI and Azure in the digital factory space.
- littlestymaar 1y ago
  > Pointlessly pedantic. Everyone knows EU is not a country Very few people in Europe understands how the EU works (do you?), I don't think it's reasonable to expect people from outside to understand it.
  - vanjoe 1y ago
    What would have to change for you to consider it a country? It has a government, there has been talk of a European Army. It has a sovereign currency. If it is the squabbling between constituent states: hello from Canada! Check out our politics.
    - 1y ago
Shrikrishna_Gad 1y ago
Dassault and Latecoere
maeln 1y ago
I am from the E.U :) . I also work for public administrations and have close relative working for E.U administrations, so I do have some knowledge about how the beast operate. > The EU rarely bets on a single firm in a single country Indeed, except when they do. While the various E.U administrations like to usually create funds that are distributed with grants (which are rarely evenly distributed evenly amongst the member mind you), there is sometime where they do invest in one horse. This is usually in high-tech, high-capital sector tho', like Airbus, Arianespace, where there is only a very few competitor, and the chance of having new one is very low has the investment in time and money to get a business up and running would be basically only feasible by a state. So I don't think Mistral is that (yet at least). But it is still the only company operating at this level in the E.U (for now), making it a decent bet for ASML. Plus, as many pointed out, there is also the French connection :D
- m4rtink 1y ago
  Both Airbus and Arianespace are quite distributed across the EU. While this seems to have worked fine for Airbus, it does not seem to work that well for space launchers under the Ariannespace umbrella - though some bits of the Ariane 6 & Vega C are built here in the Czech republic for example. So you can see some new programs that support small orbital launcher companies regardless of geographic distribution, just based on results.

by jacekm 1y ago

orbifold 1y ago

Airbus

sabas123 1y ago
Exception
- ChocolateGod 1y ago
  Spotify perhaps?
  - omnimus 1y ago
    Why would you think that?
- Panoramix 1y ago
  Northvolt, STMicroelectronics, Infineon, ASML itself, Arianespace, Thales, they all receive EU funding and support
  - aakkaakk 1y ago
    Northvolt went bankrupt recently.
  - FirmwareBurner 1y ago
    By that logic all EU companies receive EU funding.
KeplerBoy 1y ago
Airbus is a multinational effort with parts of the aircraft being designed and manufactured all over the continent so satisfy all major member states.

Jackpillar 1y ago

Pointlessly pedantic. Everyone knows EU is not a country. Also, ASML and Mistral are from two different countries. That aside, since the Draghi report last year (which was primarily about the innovation gap between the EU/US specifically in tech) and the overall lackluster economic projections, EU officials have been very vocal about losing out to the US (and this time China) in yet another race in a fledgling innovation. There is without a doubt some level of influence & assurances from the EU behind this deal.

tedggh 1y ago
The EU has a very long history of killing entrepreneurship. It is not a coincidence the largest and more innovative companies in the planet are not from Europe despite having both the financial and human resources. This is very unlikely to change now, particularly in a domain so sensitive to data privacy like AI for which the EU parliament is very quick and efficient in launching new and more restrictive regulations. Thinking they are going to have a change of heart now is pretty naive. What ASML is doing is buying a seat in the AI train. They can now flex they are an AI company, and some investors love that. That’s all this is, forget about Mistral being critical to ASML R&D, it is not. Siemens would have been a much better fit for Mistral and vice versa, but that ship already sailed as Siemens is heavily integrated with OpenAI and Azure in the digital factory space.
littlestymaar 1y ago
> Pointlessly pedantic. Everyone knows EU is not a country Very few people in Europe understands how the EU works (do you?), I don't think it's reasonable to expect people from outside to understand it.
- vanjoe 1y ago
  What would have to change for you to consider it a country? It has a government, there has been talk of a European Army. It has a sovereign currency. If it is the squabbling between constituent states: hello from Canada! Check out our politics.
  - 1y ago

Shrikrishna_Gad 1y ago

Dassault and Latecoere

maeln 1y ago

I am from the E.U :) . I also work for public administrations and have close relative working for E.U administrations, so I do have some knowledge about how the beast operate. > The EU rarely bets on a single firm in a single country Indeed, except when they do. While the various E.U administrations like to usually create funds that are distributed with grants (which are rarely evenly distributed evenly amongst the member mind you), there is sometime where they do invest in one horse. This is usually in high-tech, high-capital sector tho', like Airbus, Arianespace, where there is only a very few competitor, and the chance of having new one is very low has the investment in time and money to get a business up and running would be basically only feasible by a state. So I don't think Mistral is that (yet at least). But it is still the only company operating at this level in the E.U (for now), making it a decent bet for ASML. Plus, as many pointed out, there is also the French connection :D

m4rtink 1y ago
Both Airbus and Arianespace are quite distributed across the EU. While this seems to have worked fine for Airbus, it does not seem to work that well for space launchers under the Ariannespace umbrella - though some bits of the Ariane 6 & Vega C are built here in the Czech republic for example. So you can see some new programs that support small orbital launcher companies regardless of geographic distribution, just based on results.