This is so grim. What a stark difference to Japan. On one side there is a government setting up a new company, with the aim of competing at the highest end of the most complex technological process in existence. Meanwhile the EU is setting up bureaucrat managed funds to keep the remaining companies, currently suffering from the decline of the German auto industry, alive. Oh and they also paid TSMC to set up a factory, how pathetic.

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p2detar 6 hours ago | parent | next [-]

> Meanwhile the EU

What do you think the EU is? It's not a country, not a federative union. These things need a lot of discussions and synchronization among member countries, it does not work otherwise, so it takes time. I also hold the opinion that time is a resource the EU does not have, so it badly needs to reform itself - its framework no longer works for this "new age".

	▲	eldaisfish 3 hours ago \| parent [-]
		the #1 problem with the EU's administrative structure is that its power comes from below, i.e. from the member states. Any of them could pull a Brexit and the entire union could be in jeopardy. The #2 problem is language. Despite what many on HN think, European borders very much exist. They exist via language and bureaucracy. These two combine to create many problems the EU and Europe in general has. The lack of vision, the excruciatingly slow bureaucracy, both are symptoms of the same underlying problems.

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oblio 5 hours ago | parent | prev [-]

The EU can't really do anything. The EU is a loose confederation of countries that delegate responsibilities to this united body.

Japan is a single country with a single government that can unilaterally decide what it wants to do.

	▲	DeathArrow 3 hours ago \| parent [-]
		But single countries in Europe can do something. If they choose to.