Europe also says it wants to increase chip manufacturing

It has taken some dozens of years to realize that the manufacture of “special” components is something of strategic interest to countries.

And those special components can be of many types, from microelectronic chips, to solar panels, or pharmaceutical products such as vaccines, etc …

In this case it’s up to the “chips”, and the reason is that the market has been temporarily depleted and many production lines (cars, and others) have had to stop due to lack of supplies.

President Biden has issued an executive order to increase chip manufacturing in the US, and Europe has done something similar. Better late than never, but that reaction, if it occurs, will take many years to materialize, since chip manufacturing is very expensive and requires very high technological levels, and that takes a long time.

The manufacture of chips in the world is concentrated in Taiwan and Korea, and then there are others such as China, USA, Europe, etc. that also manufacture something.

China has put a lot of money into this issue in recent years with not entirely successful results, due to the difficulty of technology transfers, but it will continue to do so and will eventually achieve it in one way or another.

I am happy for the “awakening” of Europe in this field, but I do not know how long that enthusiasm will last, although I hope it will be for a long time.

What happens is that in addition to chips, there are many other things to manufacture that we have largely been leaving to buy them (cheaper?) in Asian countries.

On many occasions, and this is one of them, the cheap ends up being expensive.

If we lose our productive capacities, we are losing a part of our wealth. Because it is the industry that creates technology and generates decent wages for its workers, and consequently wealth for the country.

I have seen with regret how in Spain we have destroyed a large part of our industrial structure, with the total disregard of the politicians in office (whatever their sign) who only look at the short term.

The West must put on their batteries to recover its productive capacities.

Will it? I hope and wish so, because it is for the benefit of all of us.