News for hackers. Stuff that matters.
Re:EU Funding for Developer Tools for the Decentralized Web by zoobab on Wednesday September 15, 2021 @08:45AM (#28538381)
A new chip foundry entirely paid with tax payers money, and where the profits will go to a private corporation? (the 'socialize losses, privatize profits')

https://twitter.com/EIF4eu/status/1438041794940395523

"The @EU_Commission announced a new European Chips Act, in order to jointly create a state-of-the-art European #chip ecosystem including production."

Re:EU Funding for Developer Tools for the Decentralized Web by notimetorelax on Wednesday September 15, 2021 @08:47AM (#28538409)
At this point with chip shortages it’s in EU’s interest to attract businesses to build it. Even if it costs us to build it, overall we’ll benefit from it. How much is lost due to stopped Audi plants?
Re:EU Funding for Developer Tools for the Decentralized Web by zoobab on Wednesday September 15, 2021 @09:28AM (#28538785)
"attract businesses to build it"

I am wondering how that will work with the current "state aid" framework.

The current crisis is an opportunity to empty the public coffins, full of state aids everywhere, especially to large corporations, and send the bill afterwards to the people that have to pick up the bill. No thank you.

As for cars, we don't need those chips, cars were fine before without all those useless electronics.

Re:EU Funding for Developer Tools for the Decentralized Web by throwaway59553 on Wednesday September 15, 2021 @09:35AM (#28538850)
>As for cars, we don't need those chips, cars were fine before without all those useless electronics. But how will they make sure you need to have your car checked every 12 months and bill you for some vague "electronic component"?
Re:EU Funding for Developer Tools for the Decentralized Web by throwaway59553 on Wednesday September 15, 2021 @09:33AM (#28538836)
It's either a private firm that will keep all the profits, instead of sharing a part, as if paying a loan or royalties, beyond paying wages for the created jobs, or a bunch of University teachers that have no clue about managing a company.
Re:EU Funding for Developer Tools for the Decentralized Web by wisethrowaway1 on Wednesday September 15, 2021 @08:52AM (#28538461)
The EU Commission is desperate to find niches where it becomes an essential dealmaker.

To their dismay, after 50 years of trying hard, they are still an irrelevant institution economically, a net negative for businesses and individuals.

The chip industry will and can sort their issues perfectly on it's own. In fact one of the top chipmakers is already European, and they are doing extremely well, they don't need any political help.