I've been to several foundries in Korea and Taiwan. The engineers work really hard. Their working hours will be criminal in Europe due to their tight labor laws. And these engineers are very highly educated too. I don't see how the Europeans got any chances in the foundry business unless they go for some disruptive technologies. (ASML is one very good example.)
It wil take at least several years Susan...just look how many people are in Asia compared to Europe...by then all silicon fabs will be out of Europe...unless EU wakens up and funds European foundry consortium due to its strategic importance (like Airbus for planes)
These tactics play well in environment where you can't go elsewhere for a product or service...in Vancouver, Canada where I live teachers routinely get what they want because there is no other way to provide education...as a result the teachers here have the best security in the world and very high compensation with wonderful benefits...Kris
Labor issues in fabs present an interesting issue. The costs of the facilities are so staggering that the owners are not likely to close or pick up and move. At the same time, fab technologies become obsolete on a regular basis. I'd guess that the owners would think twice about continuing operations in a "hostile" work environment when it came time to upgrade to the next generation of technology. Sounds like labor actions in fabs are likely to produce Pyrrhic victories.
Yup! These workers are digging their own graves. They are already overpaid for what they output compared to the Asians. Asking more will only accelerate the decision from upper management to move the fabs to Asia.
The Other Tesla David Blaza5 comments I find myself going to Kickstarter and Indiegogo on a regular basis these days because they have become real innovation marketplaces. As far as I'm concerned, this is where a lot of cool ...