Published: September 16th, 2021,
Last updated: September 16th, 2021
Technological competition between Europe and China is on our minds across the board today. While EU Commission President von der Leyen is pushing for the resurrection of a domestic chip industry, China is already showing off the results of its own, very similar initiative. The IT group Baidu is beginning the production of chips with particularly filigree conductor tracks. So far, only Taiwan, the US, and South Korea have mastered this technology. It is certainly a good thing that the EU is dealing with such issues at all. However, in direct competition with China, the push for an industrial policy comes far too late, as usual.