EU countries team up for semiconductor push

Re:EU countries team up for semiconductor push by Aerroon on Wednesday December 09, 2020 @09:00AM (#25358483)

This push probably won't work because it's a push by politicians. They've managed to create conditions that are not suitable for the organic growth of the semi-conductor industry in Europe. Now they're slowly realizing that it's a problem, but it's a bit too late. You can't force an industry to appear and expect it to be competitive on a global scale. People are still going to be buying devices with chips manufactured in Asia.

They will probably have a similar realization about software in a decade or two.

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Re:EU countries team up for semiconductor push by norwegianwhale on Wednesday December 09, 2020 @09:09AM (#25358577)

Why on earth a productive company would move to Europe, where your revenues are automatically slashed by 50% in taxes, and you are constantly exposed to whimsical unfettered politicians..

They could start here. Why Facebook, Google, Amazon don't open massive headquarters in Paris, Madrid, Rome or Berlin, and they rather stick to UK and Switzerland?

Also software managers won't move to Europe for the same reasons. European politicians have the upper hand and the last word in negotiations.

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Re:EU countries team up for semiconductor push by sjogress on Wednesday December 09, 2020 @10:43AM (#25359706)

I dont' think the difference between EU and US taxes on revenue are all that different.

If you compare Panama, or other tax havens where multinational companies like to stash their revenue, to the EU then you probably have a point.

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Re:EU countries team up for semiconductor push by Apocryphon on Wednesday December 09, 2020 @12:28PM (#25361093)

Do all European countries really have such a high tax rate or is it just a few places like France?

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