U.S. President Joe Biden has adopted a heavy-handed approach to China and hopes to cut Beijing off from modern chip technologies. To do so, he will need European support. Will he get it?
They cost up to $200 million each and weigh 180 tons. Delivering them requires loading individual parts into three jumbo jets. Once assembled, they are as big as a bus and packed with a high-powered laser, precision lenses and electric robots. Lithography machines can be used to manufacture semiconductors for smartphones, cars or even jet aircraft and the Dutch company ASML supplies this top European technology to chip factories all over the world. But not to China.
The"chip war," as heralded in a bestselling book by American historian Chris Miller, is now in full swing. For years, few politicians had any interest in the tiny components, commodities that are now part of practically every electronic consumer and investment product. It was only experts who worried that the industry was becoming dangerously consolidated because of the gigantic development costs.
This marks a turning point that isn’t sparking enthusiasm everywhere, and certainly not within German industry. Baden-Württemberg machine manufacturer Trumpf, for example, generates almost a fifth of its sales with ASML, for which it supplies the lasers for its most advanced machines. The latest U.S. regulations won't directly affect that, because exports of high-end systems to China were already prohibited before.
In mid-November, company CEO Jochen Hanebeck surprised everyone by announcing plans to build a new plant in Dresden at a cost of 5 billion euros. This could push forward"the green and digital transformation in Europe," Hanebeck said last month. He said it would"strengthen Europe's resilience in times of growing semiconductor demand."
The demand made by industry shows that the chip war has also developed into a subsidy race in which not only the U.S. and Europe, but also Asian countries like Japan and South Korea are taking part. Governments in the West are now shelling out triple-digit billions to slow China’s rise. And this to the delight of highly profitable corporations like Intel in the U.S., Samsung in South Korea and Rohm in Japan.
Italia Ultime Notizie, Italia Notizie
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