<story><title>EU chip goal &apos;unrealistic&apos; says ASML CEO</title><url>https://www.electronicsweekly.com/news/business/eu-chip-goal-totally-unrealistic-2024-01/</url></story><parent_chain><item><author>apexalpha</author><text>The EU is simply too scared to actually put it&amp;#x27;s foot down.&lt;p&gt;If they really want to, they can just limit the export of ASML machines only to companies that have at least one of their fabs here in the EU.&lt;p&gt;But they won&amp;#x27;t. In stead they will just handover €30 billion of public money to multinational corporations with market caps larger than the yearly GDP of some EU countries.&lt;p&gt;Edit: For clarity, I&amp;#x27;m not suggesting banning the export of ALL machines to outside the EU. I&amp;#x27;m just saying they could force companies to &lt;i&gt;also&lt;/i&gt; have at least one big fab inside the EU, for geopolitical purposes.</text></item></parent_chain><comment><author>roenxi</author><text>ASML isn&amp;#x27;t guarding profound insights revealed by the gods requiring some sort of eternal liver pecking sacrifice to obtain. If the EU plays hardball to too great an extent, other countries will replicate the research.&lt;p&gt;China will already have started their attempts. It isn&amp;#x27;t crazy to expect them to achieve success single handedly. If all of Asia starts mucking in the EU will get crushed. The EU does not have a track record of staying ahead when they tangle with Asians for tech manufacturing supremacy.&lt;p&gt;The EU can&amp;#x27;t parlay a temporary monopoly held by one manufacturing company into a useful strategic edge.</text></comment>
<story><title>EU chip goal &apos;unrealistic&apos; says ASML CEO</title><url>https://www.electronicsweekly.com/news/business/eu-chip-goal-totally-unrealistic-2024-01/</url></story><parent_chain><item><author>apexalpha</author><text>The EU is simply too scared to actually put it&amp;#x27;s foot down.&lt;p&gt;If they really want to, they can just limit the export of ASML machines only to companies that have at least one of their fabs here in the EU.&lt;p&gt;But they won&amp;#x27;t. In stead they will just handover €30 billion of public money to multinational corporations with market caps larger than the yearly GDP of some EU countries.&lt;p&gt;Edit: For clarity, I&amp;#x27;m not suggesting banning the export of ALL machines to outside the EU. I&amp;#x27;m just saying they could force companies to &lt;i&gt;also&lt;/i&gt; have at least one big fab inside the EU, for geopolitical purposes.</text></item></parent_chain><comment><author>mattclarkdotnet</author><text>I’m all for a sound industrial policy, but comparing market cap to GDP isn’t helpful.  Better to compare corporate revenue which is typically 5% or less of market cap for FAANG.</text></comment>