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Just to address this separately: there is effectively energy rationing in several European countries, where the government intervenes to prioritize who should receive energy first (e.g., the Netherlands and Denmark).
And Japan, South Korea, and Taiwan are also energy poor states that have been able to maintain capacity.
The energy excuse is true for some manufacturing processes like automotive in CEE which were pants that were built in the 1990s to 2000s and leveraged Russian ONG, but is a red herring for a lot of other manufacturing processes in Europe.
European states have a coordination problem as Draghi pointed out 2 years ago.
https://spectrum.ieee.org/taiwan-semiconductor
https://www.datacenterdynamics.com/en/news/tsmc-could-accoun...
More to the point, from 2019 they built €17 billion new fab development which doubled the manufacturing capacity available in Ireland and enabled the production of Intel 4, the company’s most advanced process technology.
The Double Irish (& Dutch Sandwich) where Companies routed profits through two Irish-registered subsidiaries, attributing intellectual property royalties to a management seat in a tax haven like Bermuda, is closed since 2015.
Subsequent sequential mismatch structures (the "Single Malt" tool) that replaced the Double Irish for certain firms using non-EU residency loops were also banned. Finally there's a 12.5% charge on unrealized capital gains when a company moves its assets or tax residency out of Ireland.
The headline tax rate and the effective tax rate are also very different things. France's effective corporate tax rate was actually lower than Irelands - but France is an absolutely brutal place to do business in for employers and they've comparatively no english-language tech FDI to speak of.
It's because whenever Intel asks for anything, the Taoiseach, IDA, and Invest Ireland will move mountains to do it.
Ireland is extremely business friendly because their leadership actually listens to industry.
I think what the OP wanted to highlight is right here: in China or Taiwan etc. this would not have taken 7 years.
2019: Kick-off
2020: Construction in Ireland basically halted due to Lockdown for 18 months
Q3'2023: Fab 34 begins running a ‘First Full Loop’ of silicon
Q4'2023: Fab 34 completed. Doubles the manufacturing capacity available in Ireland, enabling the production of Intel 4 and Intel 3, some of the company’s most advanced process technologies, and the first to incorporate EUV lithography
2024: Intel sold 49% stake to Apollo GM for $11.2bn
2026: Intel buys back stake for $14.2bn
Q2'2026: Intel announce a further $5.7bn investment to upgrade existing capacity for server chips, slated for completion by late 2027
The issue is with policymaking - coordination between the EU, national, and local governments is weak so high capex projects become risky.
Edit: can't reply
> Your first 3 countries are also incredibly poor comparisons for living standards as they have horrendous work/life balance.
Their hours worked are comparable to most Western European states as well now [0]. Germany is unique in Europe based on hours worked, and is why German industry is pushing to bring back the 40 hour work week.
[0] - https://www.oecd.org/en/data/indicators/hours-worked.html
Your first 3 countries are also incredibly poor comparisons for living standards as they have horrendous work/life balance.
So vague as to be utterly meaningless.
And slow moving regulation literally incentivises high capex long-horizon investment.
Those alive invest in long term planning, those with a dead drive get conservative in their action.
Get out of Belgium, then - if it was you and your people.
There are clear ideological, decadent faults in the eu administration. They are responsible for the destruction of one of the main continental industries, transferring (even reduced) pollution to Africa, where decent old cars go (with again no effect on global warming), and transferring the enterprise to China.
"The swan's shriek".
But that's little consolation I understand. I get that when there are two elephants sitting on you, someone telling you how fortunate you are to not have a third one on top of you as well, is a little annoying.
But now Trump is inviting Putin to G20 and I'm sure sure all those EU politician would be all smily and act like no war is going on and gladly talk with Putin. If you think about it the war could have ended years ago and all the Ukranian/Russian lives lost could have been avoided if EU leaders were not so arrogant.
How exactly is Europe to blame for Russia continuing its war in Ukraine? Russia has clearly demonstrated a lack of interest in peace on any terms that could be acceptable to Ukraine.
Not such an easy thing to say if you’re the one facing that threat. Nobody wants their own country to be invaded and conquered.
And Russia would take that as a green light to keep on conquering other former Soviet states. Where do you draw the line?
Putin is deathly afraid of being assassinated and is avoiding air travel in favor of trains, has identical offices to film in at multiple locations to hide his location. There is no chance he is getting on a plane to Florida.
> If you think about it the war could have ended years ago and all the Ukranian/Russian lives lost could have been avoided if EU leaders were not so arrogant.
How so? By Europe rolling over and not supporting Ukraine?
Europe has 15x the GDP of Russia. If they were "hell bent" on militarily defeating Russia, they could have made even tiny sacrifices to the social welfare system, diverted industrial production to military aid, and drowned Ukraine in help. That was a very achievable goal, and they didn't do it.
Instead, the vacillated on importing US natural gas, continued shutting down nuclear power plants, and paid Russia MORE CASH FOR OIL than they ended up giving Ukraine in military aid! They did not in fact, dedicate themselves to this war in any way shape or form.
We already did that. Welfare and funding to social services, elderly care, etc is significantly reduced and with higher bar to get than before 2022 where I live. Plus we're also paying the price in higher housing costs thanks to housing millions of Ukrainians.
It's easy to want a higher reduction on welfare services when you're not the one needing them. It's easy to write cheques that other people have to cash.
Why do you think an entire continent with multiple and (sometimes even conflicting with each other) culture, priorities, national interest would do that? EU is an economic union. Not a federation like US
Europe is of course well aware that war with Russia seems increasingly inevitable, and have been preparing for it.
What is the source for this? I have seen some news articles with this narrative, it was more on the line of fear-mongering rather than providing evidence.
The European Commission wanted to put hefty tariffs on dumped Chinese steel but the carmakers sought an exemption. They don't care about European sovereignty, only about their profits. Penny wise and pound foolish. I doubt there will still be a European car industry in two decades or so.
Europe is a lost continent.
You clearly have no idea about the value creation chain. Steel is a commodity, why shoot yourself into the foot by buying expensive one. And semiconductors are not commodities.
But I guess this logic only makes sense to a country that insists on using its own overpriced steel to save a couple jobs.
Steel is not a commodity, it's a basic ingredient in any industrial base.
This is just such a dire situation to be in. Even USA has seen the writing on the wall regarding China-Taiwan which is why it has been strategically re-homing all the most advanced chip fab technology to Arizona [1].
[1] https://en.wikipedia.org/wiki/TSMC_Arizona
While bleeding edge backend processes got the bulk of reporting, the major push for the American CHIPS Act was the rebuild packaging capacity in the US (Samsung is working on this in Texas).
This was also the same approach Taiwan, Malaysia, and China used to climb up the semiconductor value chain.
The EU also failed to tie design capacity together as well, as semiconductor design capacity is almost nonexistent in Europe.
Europe is just a geographic accident as far as the Dutch are concerned.
Missing from article is where they are selling which I assume is mostly Taiwan and America.
The fact that Europe has incredibly limited frontier chip making capability is the issue, though. Even if they can produce other chips, its position is not at all resilient.
[1] https://www.bloomberg.com/news/articles/2026-09-22/asml-exec...
I guess the US chip designers could switch to Intel as a fab if they had to, but there are not even any US-made DUV machines, so far from self-sufficient.
There are no companies in Europe designing high-end semiconductors because the wages are much lower than in the U.S. The best European talent is moving Stateside and raking in ten times what they can get at home without having to build up seniority first.
This was hugely evident during the recent spate of tech layoffs - employers planning collective dismissals are obliged to hold a mandatory 30-day consultation with employee representatives and notify the Minister for Enterprise, Trade and Employment beforehand. Issuing premature "done deal" announcements before meaningful consultation breaches Irish law.
Even at the micro level, non-collective or individual restructuring must still rely on objective selection criteria and fair procedures. Failing to do so exposes employers to Workplace Relations Commission (WRC) claims for unfair or constructive dismissal.
There's also very very strict regulations around work/life issues. A famous case this year in 2023 where a Customer Care Team Lead at the Dublin office of Israeli software company Wix was dismissed after posting comments on LinkedIn. In her posts, she described Israel as a "terrorist state" and referred to Zionism as "the root of violence" while expressing solidarity with the Palestinian people. In July 2024, the WRC ordered Wix to pay Carey €35,000 in compensation after Wix acknowledged that the dismissal was "procedurally unfair" under Irish employment law.
In short, we're not that poor and have significant societal safety-nets that make up the delta in direct wages.
If the car companies actually go down the drain I have no clue what products of note we would still be producing that would continue to bring money in. So, I think our goose is cooked here in Europe.
In Ireland alone we manufacture:
* Cardiovascular Stents (80% of Global Supply)
* Orthopaedic Knee Implants (75% of Global Supply)
* Acute Hospital Ventilators (50% of Global Supply)
* Contact Lenses (World Leader)
19 of the world's top 20 pharmaceutical companies operate manufacturing, R&D, or biopharma facilities in Ireland; this compromises over 50% of all physical goods exported from Ireland, totaling well over €100 billion annually. Needless to say it's also the pivotal manufacturing hub for high-demand GLP-1 weight-loss and diabetes treatments (like Mounjaro).
Ireland is among the top global exporters of antisera, blood fractions, and complex cell cultures, making it indispensable to global healthcare infrastructure.
Ireland is the absolute world leader in dairy science per capita, and produces roughly 10% to 15% of the entire world's infant milk formula, with estimates indicating that roughly one in ten to one in seven babies globally consume formula manufactured in the country.
That's an Island of less than 5 million people, 1/8th the size of Texas, that was basically bypassed by the Industrial Revolution and had no colonial benefit. Now extrapolate for a second and imagine what Germany is manufacturing.
Retirees and people who already made money to outbid the locals on housing and purchasing power.
Why would they move to a more expensive country where they'd feel poor?
Think about it... a hint, it's not about money.
In any case, don't be too sure about your claim. According to <https://ourworldindata.org/where-do-migrants-live-and-where-...>, 170K Spanish-born live in the US. By contrast, 69K US-born live in Spain <https://ourworldindata.org/where-do-migrants-live-and-where-...>. Given that the US (341 million) has 7.25 times Spain's population (47 million), this means that a Spaniard is 17-18 times more likely to move to the US, than an American is to move to Spain.
The american dream is dead, US is a country for working, not for living.
Definitely a testament to each country too - presumably they have a fairly wide choice. They wouldn't go somewhere they disliked the culture that much. We know how discerning US folk are.
(Don't know your country to know if that's true or not, but it's a possibility)
My country offers them both, people from lots of countries como here looking for money and also for a better way of living.
The lesson explains itself.