Thread

1. bsoqk · 1790205152 · focus · HN ↗

   > So far, however, the law has done little to spur the construction of new semiconductor factories in Europe. The European Court of Auditors concluded last year that the EU is unlikely to achieve its goal of doubling Europe’s share of the global chip market by 2030.

   They should make another law and probably a few more commissions of auditors.

   1. Epa095 · 1790431691 · focus · HN ↗

      I get the sarcasm, but its not like e.g. TSMC popped up in a environment of pure libertarian free market capitalism. It was, from the beginning, a project of the Taiwanese state, and without significant public influence there is no way it would have become what it is. Are the EU laws what's needed? IDK. But without a proper public industrial policy besides "low taxes and few regulations" there is no way Europe will be able to get significant semiconductor-production up, the rich-get-richer phenomenon is just to strong.

      1. AdamN · 1790441881 · focus · HN ↗

         Another interesting fact is that Che-Chia Wei (the man who made TSMC what it is) received zero equity. Everything he has he bought himself at the market rate.

         1. throwaway2037 · 1790488798 · focus · HN ↗

            Don't you mean Morris Chang/張忠謀? He was the founder. Also, this near-meme level phrase "received zero equity" is meaningless when you are paying senior executives millions per year. They just buy shares with their earnings. He was one of the highest (if not highest) paid executive in Taiwan for more than a decade.

Unofficial Hacker News client; not affiliated with Y Combinator.