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Re:France's Largest Semiconductor Company Got Nationalized (... by olivierduval on Thursday January 26, 2023 @07:01PM (#34540642)
The move is not unusuable, considering that China is more and more an aggressive competitor to Europe (and France) and has different values than Europe. Doesn't it make sense to lower the risk for all your strategic industries to depend on external and not dependable actors ?

What is really fascinating is HOW the move was done: it was not nationalized in the common sense (the state buying all the shares, using some "strategic actor" argument to force the nationalization) but France took operational control and locked the company. Quite a smart move actually...

Re:France's Largest Semiconductor Company Got Nationalized (... by walterbell on Thursday January 26, 2023 @07:05PM (#34540667)
> France took operational control and locked the company

Imagine applying this level of analysis to other companies, states and nonstate actors..

Re:France's Largest Semiconductor Company Got Nationalized (... by daevout on Thursday January 26, 2023 @10:49PM (#34542222)
Indeed if we did apply that level of analysis to other companies, we might not have emded up depending on a one man dictatoship flush with concentration camps, ongoing genocide and war preparations for essentials like PPE and antibiotics.. imagine that.
Re:France's Largest Semiconductor Company Got Nationalized (... by walterbell on Friday January 27, 2023 @12:15AM (#34542758)
2011, https://www.cfr.org/blog/henry-kissingers-china

> Mr. Kissinger should have mentioned that he left statesmanship with China for business with China. Nowhere does he discuss Kissinger Associates, the highly successful consulting firm he founded almost three decades ago, which does a thriving business providing entrée to Chinese officials and business leaders for foreign companies. Indeed, Mr. Kissinger has spent more time negotiating business than negotiating policy.

Re:France's Largest Semiconductor Company Got Nationalized (... by rnk on Friday January 27, 2023 @01:33PM (#34549830)
China has done a good job of hiring us leaders when they "retire to become rich consultants". You see the same thing in Germany of course with their old pm and Russia. This is how the despots curry favor and get the elites to go against what's good for the country. I don't know about recent Kissinger impacts, but you see it in germany getting too dependent on russian gas.
Re:France's Largest Semiconductor Company Got Nationalized (... by throw84628384 on Thursday January 26, 2023 @08:26PM (#34541333)
> Quite a smart move actually...

Isn't this just following China's playbook? Important companies in China often have Party members firmly in control.

I wonder what will be copied next, maybe other nations will start their own "Great Firewall..."

Re:France's Largest Semiconductor Company Got Nationalized (... by orthecreedence on Thursday January 26, 2023 @08:43PM (#34541450)
And soon nations might even build enormous surveillance apparatuses by forcing "private" companies to participate in mass data sharing programs. Can you imagine??
Re:France's Largest Semiconductor Company Got Nationalized (... by pksebben on Friday January 27, 2023 @02:33AM (#34543589)
why bother? all that data is for sale, and relatively cheap. is this an actual thing that is in the works?
Re:France's Largest Semiconductor Company Got Nationalized (... by setuids on Friday January 27, 2023 @04:16AM (#34544170)
I believe that is a reference to programs such as PRISM which indeed do force companies to hand over large amounts of data to the government (agencies)
Re:France's Largest Semiconductor Company Got Nationalized (... by olivierduval on Friday January 27, 2023 @04:24AM (#34544210)
Actually, there's an explicit theory in the (european) political landscape now: if democraties don't "level up" to match what is efficient in "totalitarian" (understand: China, Russia) countries, then democraties will lose the game... so we adopt part of the same playbook as our "competitors"

A "great firewall of Europe" is already more or less in development (watch at the european cybersec budget). It surely will be more "open" than in China but... Europe would like to be able to "watch" the internet traffic of any citizen (for their own safety and agains terrorism and pedophilia obviously and as usual)

Please note that "competitors" may be allies too: when the US give money to its own companies, or pass some extra-territorial laws... Europe try to do the same. To keep the playing field levelled ;-)

Re:France's Largest Semiconductor Company Got Nationalized (... by snowpid on Friday January 27, 2023 @05:10AM (#34544454)
You could give a credible source for the firewall.
Re:France's Largest Semiconductor Company Got Nationalized (... by lm28469 on Friday January 27, 2023 @05:06AM (#34544426)
I'd recommend reading about France's history and especially the parts about nationalised companies/industries, it goes back to 1789

I know this is HN and "China bad", but not everything China does is "bad"

Re:France's Largest Semiconductor Company Got Nationalized (... by xico on Friday January 27, 2023 @07:08AM (#34545139)
What you are implying is not super clear. Are you saying that the French nationalizations [1], which btw predate the emergence of democracy in 1789, are somehow signs of an autocratic system?

If you look at the Fifth Republic, most of the nationalizations in France happened under socialist governments, democratically elected, and with a mandate to do so from the population. Even the more rightwing French governments follow similar rules and nationalize companies to protect them and their workers (for instance from takeovers), or protect from foreign influence (and not just from countries with more imperialistic tendencies, for instance Italy for the ports).

Nothing of the sort applies here. France, its population and and government, would almost certainly approve of a nationalization in the first place if it were to protect their interests. But these Soitec changes seem relatively innocuous, and some of the claims are really paranoiac. For instance believing that a former CEA employee or administrator would continue to work undercover while at another company.

Of course France is a democratic country and thus its interests often conflate with the ones of its citizens. Nothing would prevent them from administering a company in a way that best suits their vision of the world, quite often matching a government perspective without any concertation.

[1] https://fr.m.wikipedia.org/wiki/Nationalisations_en_France