>Meanwhile Europe only got 40k WSPMs of 12+ nm capacity
EU leaders and VCs gave up on the electronics industry 20+ years ago and just kept offshoring it to the cheapest suppliers to lower costs and increase shareholder value.
You can validate this by looking at which sectors pay the highest EU wages and you'll see that hardware and electronics are not in the top.
And working in the electronics industry requires highly skilled knowhow and academic specialization, and you're not gonna attract people there if you don't pay them top wages if they can get more money and an easier job somewhere else like writing CRUD SW or pushing pencils in a bank.
>Not everyone is motivated by the highest wage they can get.
THis idealism always goes away once you have to buy a home, and realize you're working more hours and getting less money than your mates in other industries that are easier to get into, so you start to switch really quick.
People aren't selfless when it comes to being exploited by private sector entities, they'll always go towards the ones with the best wage/hour ratios.
People aren';t stupid. Why would they voluntarily choose to work harder and be less well off? It's not like this is working for the public good like medicine, firefighters, EMT, education, etc.
EU leaders and VCs gave up on the electronics industry 20+ years ago and just kept offshoring it to the cheapest suppliers to lower costs and increase shareholder value.
You can validate this by looking at which sectors pay the highest EU wages and you'll see that hardware and electronics are not in the top.
And working in the electronics industry requires highly skilled knowhow and academic specialization, and you're not gonna attract people there if you don't pay them top wages if they can get more money and an easier job somewhere else like writing CRUD SW or pushing pencils in a bank.