ASML’s boss has a warning for Europe
ASML’s boss has a warning for Europe
www.economist.com
ASML’s boss has a warning for Europe
- Christophe Fouquet says the continent’s champions could move elsewhere if they are not better protected
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Ballograf, a Swedish ballpoint pen manufacturer, tried to move their production line abroad, they moved their factory tools and everything to their new facility, but the pens that was made didn't meet the standard they wanted, so the brought the production back home to Sweden.
The Ballograf Epoca is still very popular and made in Sweden even after 50+ years.
What I mean by this is that moving a company is difficult, in the example above I am talking about a company making ballpoint pens, imagine how much trouble moving the company making the machines making computer chips would be.
I absolutely think the EU should help the company, it is a highly strategic and valuable resource we have, other nations will do the same with their important industries, we should as well.
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It seems that making a smooth and frictionless ball point pen is one of the most challenging problems in mechanical engineering. I understand why there was a high chance that moving the production overseas didn’t meet quality standards. It reminds me of this video: https://youtu.be/nKURE05_RPI where he explains what it the took chinese gov to come up with a working product.
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8 comments