Thread

ASML says it sold 'absolutely nothing' in Europe in 2026

402 points · 900 comments · MC995

ramshanker · 1790428677 · focus · HN ↗
Happy to hear India got mentioned by the same executive during that conversation. We are just started buying from them. I went to Semicon India 2026, held in delhi last week. The energy was amazing. Really pleasant. all big names including ASML.
1. roenxi · 1790431375 · focus · HN ↗
  It's is heartening looking at a country like India and thinking that it only seems to be a little behind China on the same trajectory. The little flashes of news as they start settling in to more interesting and high tech industries. Whatever good or evil comes out of their growing geopolitical power at least that is another billion people with a clear enough path to wealth and prosperity.
  1. rayiner · 1790461083 · focus · HN ↗
    India is more than a little behind China. Which is depressing, considering that the two countries were equal in GDP per capita as recently as 1990: <a href="https://m.thewire.in/article/economy/from-1960-to-1990-india-and-china-were-at-par-how-did-it-then-overtake-us" rel="nofollow">https://m.thewire.in/article/economy/from-1960-to-1990-india...
    pixelatedindex · 1790468361 · focus · HN ↗
    They kinda did that to themselves, but it's slowly changing. My partner's iPhone 16 is made in India. They really do lack waste management infrastructure though, and it's pretty crucial for this type of manufacturing. They should also borrow the regional concentration of industries that China has done, it really does make things more efficient.
    dlisboa · 1790472165 · focus · HN ↗
    You can't just "borrow" some of the things from China without China politics. Regional concentration there is directly tied with their hukou system. No democratic government is able to implement that system without collapsing.
    Most of China development is sui generis and not replicable elsewhere.
    Terr_ · 1790493424 · focus · HN ↗
    [delayed]
    logicchains · 1790501469 · focus · HN ↗
    You're mixing up Hong Kong and Singapore; Singapore is the one with the massive sovereign wealth fund and subsidized housing.
    Terr_ · 1790524360 · focus · HN ↗
    > You're mixing up Hong Kong and Singapore;
    I lived there, Mister Confidently-Incorrect!
    It sounds like you're saw Singapore Fun Facts once, and in your mind it permanently excluded any other place from having similar features.
    * Like I said, Hong Kong does have a significant sovereign wealth fund that ranks in the top 10. [0]. It doesn't stop mattering just because Singapore runs a bigger one.
    * Here's a article from 2021 with a nice stacked-graph showing 45% public housing [1], close to the half I mentioned.
    [0] <a href="https://en.wikipedia.org/wiki/Sovereign_wealth_fund" rel="nofollow">https://en.wikipedia.org/wiki/Sovereign_wealth_fund
    [1] <a href="https://www.chinadailyhk.com/hk/article/249172" rel="nofollow">https://www.chinadailyhk.com/hk/article/249172
    usrnm · 1790499078 · focus · HN ↗
    China is very much repeating the history of Japan, and while we can argue how democratic Japan was in the second half of the XX century it definitely wasn't totalitarian.
    christkv · 1790503307 · focus · HN ↗
    Its part Japanese and Koreas model and part British Empire Mercantilism.
    dv_dt · 1790501761 · focus · HN ↗
    I don't think the important part is actually one for one replication of the system in China. I think the key parts to deliver progress are diversity of investment decisions, competitiveness in markets, and stable long term goals & fiscal support.
    It's too easy to get tied up in political labels, when any hybrid of public and private support for those helps growth. At this point, I really don't think any political system guarantees the development outcomes, there are examples of all labels which fail one to all of those progress factors.

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