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. elric · 1790487876 · focus · HN ↗

         > primarily due to regulations and bureaucracy

         Or, more likely, due to energy prices.

         1. logicchains · 1790489502 · focus · HN ↗

            The energy prices in Europe are also up due to regulations and bureaucracy, without which the continent would be full of nuclear plants.

            1. autuni · 1790580092 · focus · HN ↗

               which regulations and bureaucracy are you talking about specifically?

               there are several nuclear plants operation in Europe, some countries also just announced to restart some of their old power plants. There are no regulations that prevent any of the countries from doing it, each country makes that decision for themselves and has their own reasons to do it or not to do it

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