Posted on 11/02/2023 11:15:59 PM PDT by cba123
HANOI (Reuters) - Dutch semiconductor companies and suppliers are planning manufacturing investments in Vietnam, top officials told Reuters on Thursday during a business mission to Hanoi led by outgoing Prime Minister Mark Rutte.
Initial known investments are not large, but signal a shift to reduce reliance on China as a hub for exports amid increasing trade tensions between Beijing and the West which have curbed the Netherlands' sales of the most advanced chips to China.
Roughly a dozen of the nearly 30 businesses that accompanied Rutte were representatives of chips companies or suppliers of semiconductor firms, according to the delegation's list.
(Excerpt) Read more at finance.yahoo.com ...
"I'd rather smell French s___ for 5 years, than Chinese s___ for a thousand." - Ho Chi Minh
Down side to tariffs
Chip making involves a lot of nasty chemicals. The safety and environmental requirements in free-ish societies are expensive. It is much cheaper to operate in communist countries where the environment and human life don’t matter if the rulers get more money and power. Only reason things are still made in 1st world countries is these serf nations don’t have the population of technical experts to achieve necessary quality.
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