News EU preps Chips Act 2.0 to stregthen semiconductor industry after original program reportedly flopped

[Admin]

Chipmakers and producers of chipmaking tools call EU for the second round of European Chips Act funding.

EU preps Chips Act 2.0 to stregthen semiconductor industry after original program reportedly flopped : Read more

 

[Pierce2623]

If labor costs make chip foundries left efficient in the US than Asia, it doesn’t seem like Europe with even higher labor costs has much chance of getting major fabs.

 

[ejolson]

If labor costs make chip foundries left efficient in the US than Asia, it doesn’t seem like Europe with even higher labor costs has much chance of getting major fabs.

Could the cost of labour be less a problem than the skill level and work ethic?

 

[Elusive Ruse]

Could the cost of labour be less a problem than the skill level and work ethic?

Skill and work ethics are much higher than Asia, the advantage of Asian countries is their lack of adequate protections for employees which enables the employers to pay their staff less offer fewer benefits while forcing them to work longer hours.

 

[George³]

Well, at the EU level, the budget is mainly made to steal money, so it is normal for projects to fail. The same is true of the green policy budget, which was huge and therefore still provided some benefits, but not as much as expected.

 

[Captnimo]

LOLS did they seriously just use the failed scheme of “trickle down economics” to justify this failed money grab?? For tech to be successful isn’t some equity bologna; it’s a nationalized singular entity. Otherwise costs become so great you can’t compete with other countries that have already beaten them to production, especially after western countries have already bulked up those third world countries through out sourcing. You’re literally just wasting money otherwise while lining a few ceos pockets.

 

[RedBear87]

If at first you don't succeed, you can dust it off and try again.

And the definition of insanity is doing the same thing yet expecting different results. But no one at Bruessels ever got the memo...

 

[Markynd]

The approval processes required by the EC, member countries, and local authorities were too slow for the rapidly developing semiconductor industry

No surprises here. The EU is the leading expert on bureaucracy after all.

 

[dynamicreflect]

EU should work with US.

 

[thestryker]

Assuming they actually analyzed what went wrong the first go around and have a plan for fixing that this could work out. Without that though it's destined for failure.

I think what that official was referring to regarding "trickle down" is the smaller businesses required to keep fabs running. This was one of the big benefits Ohio was going to get from Intel's fabs there, but I don't know how much the delays have hurt there. Ohio doesn't have many of the support industries already so a big player moving in and bringing them can potentially lead to other growth. This is part of why TSMC chose AZ to expand within the US as the support infrastructure already existed.

 

[watzupken]

You can throw money at a problem, but if you cannot resolve fundamental issues in the region, then whatever efforts is as good as wasting taxpayers' money. In my opinion, fundamental issues includes,
1. High power cost - Sure you can give money to attract companies to setup foundries there, but being a very power hungry business, it will not be competitive. It also limits taxpayers to pay more for what is essentially the same when manufactured in Taiwan.

2. High cost of labor - There is no hiding that labor unions are strong in the region and most companies tend not to hire too many labors there. So while you can hire there, maintaining and reducing headcount can be a massive challenge. I am not in favor when companies have to cut headcount as this means people losing their jobs. However, corporations exists only to make money and this includes managing cost, so headcount cuts will be expected.

 

[jonaswox]

LOLS did they seriously just use the failed scheme of “trickle down economics” to justify this failed money grab?? For tech to be successful isn’t some equity bologna; it’s a nationalized singular entity. Otherwise costs become so great you can’t compete with other countries that have already beaten them to production, especially after western countries have already bulked up those third world countries through out sourcing. You’re literally just wasting money otherwise while lining a few ceos pockets.

It's freakin insane ... Von der Luben was practically screaming at the delegates that we must throw billions into AI, ELSE!!!!!!

The whole project eu is only of interest to the Brussels bureaucrats. Not a single EU citizen thinks this is a good idea. So much for democracy ...... They even lay out pretty clearly in the original plans of the intention to make usa 2.0

Its wild how this derp is allowed perpetually, Corona , climate , what have you, the only important think is that we pay up , and don't whine about our plastic straws and trash segregation while the executive level of society is using private planes anytime their ass needs to be moved. It has gotten beyond insanity.

What about Serbia , turkey? EU media is completely silent about the protests going on , on extreme scale. They actually succeeded with convincing half the population that we can't "deal with reality" and we need the filter of our "democratic" leaders deploying a strategy that the less informed the "democracy" the better. You are not able to decide or think for yourself, you silly populus, no , we need the modern populism edition of a politician to decide everything on our behalf - best that we don't even know that anything was decided. It could risk stirring the pot and we DONT want to stir the pot.

The world is falling apart and modern capitalism has managed to play itself into a corner of obsoletion. The justification of existence for capitalism is very low when EVERY single product is price gauged, and nobody cares to change brands/supplier upon insane experiences because we have gotten so used to the abuse and expect the next company to be just as scummy. These same morons will cry wolf the day the world decides to put it's foot down and end the abuse. That's what you get for allowing blatant takeover of oligarchi in the entire west.

And then we have the dollar system and the systematic depth being "paid off" by inflating every single dollar on the globe. Don't mind the fact it is not even feasible to ever pay this depth the us has accumulated. The fact we don't even talk about the blatant money abuse of the USA since Nixon .... Sometimes you think maybe Von der Luben is right that we are simply to stupid to decide anything for ourselves.

 

[jonaswox]

A guy in Sweden was jailed for publishing some statistics data about guess what , from the government stats bank, because ... you know reality is dangerous. In UK social media word crime is getting heavy-handed by people with weapons (police) meanwhile serial offenders of extreme stuff (cannot mention , insta ban if I do) get set free because they dont have enough space in the jails.

British prime minister fuming with racism, calling out the British people for .... Being white. You cannot make this shit up. He was appalled that British parlament was predominantly white - standing there as a man of color in the highest available position..... We are left speechless.

Honestly if you believe this is not by design you are naive imo.