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. wewxjfq · 1790492426 · focus · HN ↗

         The same regulations and bureaucracy that doesn't stop ASML from producing these machines? Makes sense. Also it's funny how in the US/China/EU threads, you'd never guess that China is state-run. You'd think they are a capitalist heaven like the US.

         Could the "EU has too much bureaucracy" users even say how much more bureaucracy EU is producing compared to the US and China? I doubt it. The US Congress has produced some insane behemoths of laws where the glossary is bigger than your average EU directive, so please put some numbers behind your claims.

         Lastly, I think the average HN user just doesn't understand that the EU streamlines regulation across 28 countries, which is almost the opposite of coming up with new regulations. It makes things easier. But that would already require an iota of knowledge past the HN kneejerk worldview.

         1. bcrosby95 · 1790520446 · focus · HN ↗

            ASML is selling $300 million dollar machines that are fairly small for it's price point. Regulation is going to have very little impact on producing something like that vs mass produced widgets, cars, or chips.

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