EU To Air Ideas on Guarding Prized Technology (reuters.com) 22
The European Commission will unveil on Tuesday possible measures, such as screening of outbound investments and export controls, to keep prized EU technology from countries such as China and prevent it being put to military use by rivals. From a report: The European Union executive will present its Economic Security Strategy as a "communication" to EU lawmakers and countries, whose leaders are set to discuss relations with China in Brussels next week. While not a formal legislative proposal, the communication will lay out strategies the 27-nation EU should consider as it seeks to "de-risk" from China and avoid sensitive technology leaking out through exports or investments abroad.
The Commission will need to tread carefully because granting of export licences and weighing security interests are national competences that EU governments will want to retain. A Dutch plan that effectively bars Chinese companies from buying the most advanced lithography tools of ASML, which are used to make semiconductors, is a case in point. The Dutch acted alone, but wanted restrictions throughout the EU. EU officials point out there is no clear way to do this.
The Commission will need to tread carefully because granting of export licences and weighing security interests are national competences that EU governments will want to retain. A Dutch plan that effectively bars Chinese companies from buying the most advanced lithography tools of ASML, which are used to make semiconductors, is a case in point. The Dutch acted alone, but wanted restrictions throughout the EU. EU officials point out there is no clear way to do this.
It's almost like (Score:3, Insightful)
That leftist utopia of one world government where everybody lives in peace and harmony . . . isn't a good idea.
Go ahead, mod me down. You know you will. You're too embarrassed by the truth not to.
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That leftist utopia of one world government
Haven't you ever heard that 80s Tears for Fears song? Everybody wants to rule the world, lust for power has always been multi-partisan.
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Tell that to the open border lefties.
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That is 100% about wanting to rule the world. Its about dismantling remain State and local American power structures so the Globalists in Washington and NYC can finally do whatever they like without organized opposition of any kind.
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And now we're starting to see a few people in positions of power come to their senses.
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Seriously? Who? I wish that were true.
Prisoner's dilemma? (Score:3)
Or one group can't simply decide to be good (without consequences) while the rest are being selfish jerks.
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Go ahead, mod me down. You know you will. You're too embarrassed by the truth not to.
No, that just need explanation. Did you just called EU a lefty institution?
Why limit this to China? (Score:3)
Why only refuse to export ASML tools to China?
Don't export them anywhere!
Then TSMC, Samsung, Intel, AMD, Nvidia and the like have to build their fabs in EU, and EU only. Which will bring a lot of employment, tax money and regional wealth. For sure. Right?
Not sure if this is a joke. (Score:2)
Are you truly suggesting/asking?
What do you think the US government would do if a foreign power suddenly turned off the high tech spigot? Did anything to block ALL bleeding edge research. They'd send in a team to steal what they needed, and burn down the remains. Be that a person, computer, or whatever.
Do I think they should? Not sure...probably not, but I also wouldn't want to suddenly lose access to all new phones, TV's, cars, etc.
China feels like a cartel. A group of people who are trying to help th
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Europe would never do that to the US. Then they'd have to pay for their own defense.
Non Tarriff Trade Barriers - Destroy Global Trade (Score:2)
It's sad but understandable. (Score:2)
I think this was a reasonable ide to try out.
But - just like "trickle down economics", we tried it, and it quite obviously didn't work, and we sadly have to lock things down now with more export controls and less tech and knowledge transfer.
I have no idea if this isolation policy is necessarily better, especia
Sounds like open sourcing counterintelligence (Score:2)
While it is probably a good idea for your opponent to know you _have_ a strategy, it's a bad idea to tell them what it is.
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I would ask 1 billion in stocks + local deals in politics. Or fly to the next country and do the same deal with Iran/Russia or China. Never USA/UK/Israel/France.
What goes unpunished is approved. (Score:2)
SSL, There's too much money to be made in a post-idealism world not to sell out to cultural enemy societies.