There's only a handful of companies in the world producing chips at scale, so it wouldn't be too out of the question.
You could even invite the Chinese to put their fabs in the EU so that they get a chip sector they control but also make them a bit more dependent on the EU, in stead of the EU on China.
But hey, we can also just handover €30 billion of taxpayer money to TSMC and Intel, I guess.
This is a pretty extreme example, but that's what it comes down to. Thanks to the free market, there's always going to be someone willing to do it for cheaper while sacrificing product quality, employee welfare, or environmental impact.
At the cost of seeing people take advantage of the opportunity to add value for their customers.
> This is a pretty extreme example, but that's what it comes down to
It's not what it comes down to. Someone in the market for the cheapest smartphone possible won't buy a $10 phone even though it's cheaper than the next alternative, because quality also matters. Or at least, value for money matters.
> Thanks to the free market, there's always going to be someone willing to do it for cheaper while sacrificing product quality
Someone might be willing to offer something cheaper, but thanks to the free market, that option will only be popular if people believe it's good value for money and buy it.
> employee welfare
This is mostly a competition issue. If it's too expensive to create employers, there's no competition for workers.
> or environmental impact
This happens in all types of agreements. The limiter on non-free market countries for environmental impact isn't ethics, it's inefficiency. Only regulations can solve this.
So they're simply doing both.
Furthermore, the EU is more expensive than other countries because we have stricter environmental standards and our people don't want to work 50+ hours a week as many in Asia do.
Letting Asian countries simply undercut your own homegrown companies because of these two (dis)advantages seems shortsighted.
How is it like celebrating that?
Don't think you have any idea how complex it is to both set up the fabs and run them. Are you gonna fly half of Taiwan to run these fabs here? How long do you think this process is going to take?
I would think this would all happen the same way it would happen if we lured the companies here with €30 billion.
Data centers already work that way - the economic value of the physical building is quite small because all the actual moneymaking can be done by an office full of software engineers in san Fransisco.
It's time to stop talking about things you don't know anything about.
Comparing a server to an ASML litography machine...
> Taiwan Semiconductor Manufacturing Company (TSMC) was supposed to have its first Arizona chip factory operational by late 2024 but now has confirmed significant delays. Primarily due to a shortage of technical workers with critical expertise in the US, TSMC projects to finish construction instead by 2025.
https://arstechnica.com/tech-policy/2023/07/tsmc-delays-us-c...
