Am I the only one who assumes by default that European regulation will be heavy-handed and ill conceived?
Am I the only one who assumes by default that European regulation will be heavy-handed and ill conceived?
Meanwhile, nobody in China gives a flying fuck about regulators in the EU. You probably don't care about what the Chinese are doing now, but believe me, you will if the EU hands the next trillion-Euro market over to them without a fight.
True, but now they get to butt heads with the US, who call the tunes at ASML even though ASML is a European company.
We (the US) have given China every possible incentive to break that dependency short of dropping bombs on them, and it would be foolish to think the TSMC/ASML status quo will still hold in 5-10 years. Say what you will about China, they aren't a nation of morons. Now that it's clear what's at stake, I think they will respond rationally and effectively.