Thread

1. t43562 · 1790347718 · focus · HN ↗

   It seems to be "dump on Europe" day which I'm sure is popular but lets just stop for a second and ask what the sales of ASML machinery to the US would be without the CHIPS act .... a massive subsidy. Aren't subsidies supposed to be a bad European thing??? I'm confused. Are we free market proponents or planned economy proponents?

   1. upupupandaway · 1790348103 · focus · HN ↗

      I don't think this is the main point (subsidies). ASML sold nothing in Europe because Europe is not a factor in semi manufacturing, primarily due to regulations and bureaucracy.

      1. dools · 1790512603 · focus · HN ↗

         Isn’t ASML a European company?

         1. cenamus · 1790513946 · focus · HN ↗

            Yes, but but but evil regulations and bureaucracy

Unofficial Hacker News client; not affiliated with Y Combinator.