Yes, I think that's true. But I also think from re-establishing a viable VLSI industry on cruder tech, Europe (like China) can move up the food chain into the smaller lines, as the tech beds in. The irony of ASML being a JV with strong European roots, but the VLSI moving to "anywhere but europe" at scale stands out.
I don't buy labour costs. I think it's probably post-VLSI packaging, assembly of devices, and compliance with HAZMAT that made the moves to Asia and Latin America happen. These plants don't use a lot of cheap labour. So wage cost cannot explain the decision.
There are interesting posts going back decades (crufty google doc shares, USENET posts..) talking about what the work culture at TSMC is like, about Intel management. I think VLSI is like cheese making: if you wear the wrong perfume on the wrong day, you destroy the entire output in one go. But that doesn't justify 16 hour days and toxic management.
I don't buy labour costs. I think it's probably post-VLSI packaging, assembly of devices, and compliance with HAZMAT that made the moves to Asia and Latin America happen. These plants don't use a lot of cheap labour. So wage cost cannot explain the decision.
There are interesting posts going back decades (crufty google doc shares, USENET posts..) talking about what the work culture at TSMC is like, about Intel management. I think VLSI is like cheese making: if you wear the wrong perfume on the wrong day, you destroy the entire output in one go. But that doesn't justify 16 hour days and toxic management.