{"id":38874,"date":"2025-01-21T00:36:22","date_gmt":"2025-01-21T00:36:22","guid":{"rendered":"https:\/\/peraltafinancing.com\/5g-technology\/belgian-bankruptcy-dents-europes-microchip-dreams-politico\/"},"modified":"2025-01-21T00:36:22","modified_gmt":"2025-01-21T00:36:22","slug":"belgian-bankruptcy-dents-europes-microchip-dreams-politico","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=38874","title":{"rendered":"Belgian bankruptcy dents Europe\u2019s microchip dreams \u2013 POLITICO"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>The center-right member of the Flemish Parliament told POLITICO that BelGaN was being screened to determine whether it was eligible for support. One media report <a href=\"https:\/\/www.tijd.be\/ondernemen\/halfgeleiders\/belgische-chips-moeten-energierevolutie-aanvuren\/10537375.html\" target=\"_blank\">said<\/a> it looked into whether the ownership had ties with the Chinese government.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.politico.eu\/wp-content\/uploads\/2024\/08\/15\/GettyImages-1424203783-1024x683.jpg\" alt=\"\" class=\"wp-image-5232645\" srcset=\"https:\/\/www.politico.eu\/cdn-cgi\/image\/width=1024,quality=80,onerror=redirect,format=auto\/wp-content\/uploads\/2024\/08\/15\/GettyImages-1424203783.jpg 1024w, https:\/\/www.politico.eu\/cdn-cgi\/image\/width=300,quality=80,onerror=redirect,format=auto\/wp-content\/uploads\/2024\/08\/15\/GettyImages-1424203783.jpg 300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption class=\"wp-element-caption\">The European Commission considers microchips a critical technology. | Annabelle Chih\/Getty Images<\/figcaption><\/figure>\n<p>The Flemish Economy Ministry declined to comment on the screening, saying it was confidential. BelGaN didn&#8217;t respond to POLITICO&#8217;s questions for this article. <\/p>\n<p>As Europe dishes out billions in public subsidies for the sector, disbursing that support directly to Chinese-owned companies is, in general, \u201ca little bit problematic,\u201d said Frank B\u00f6senberg, managing director of Silicon Saxony, a chips lobby group in the eastern German state.<\/p>\n<h3 class=\"wp-block-heading\">Mixed track record<\/h3>\n<p>BelGaN was founded in the 1980s, as the northern region of Flanders sought to build itself into a microchips powerhouse. It was created around the same time as  Imec, a chips R&amp;D hub that has since become a global <a href=\"https:\/\/pro.politico.eu\/news\/178090\" target=\"_blank\">champion<\/a>.<\/p>\n<p>BelGaN&#8217;s track record is mixed, though. The company has changed hands many times; the last ownership change was in 2021 when two Hong Kong-based funds, Rockley and Wuxi Group, bought the firm from U.S.-based chipmaker Onsemi and put chips veteran Alan Zhen Zhou in place as CEO.<\/p>\n<p>The company doubled down on a new production process, with chips based on gallium nitride instead of silicon. The technology could boost energy efficiency and tap into the white-hot market of electric cars.<\/p>\n<\/div>\n<p><script>\n\t\tpl_facebook_pixel_args = [];\n\t\tpl_facebook_pixel_args.userAgent = navigator.userAgent;\n\t\tpl_facebook_pixel_args.language = navigator.language;\n\t\tif ( document.referrer.indexOf( document.domain ) < 0 ) {\n\t\t\tpl_facebook_pixel_args.referrer = document.referrer;\n\t\t}\n\n\t\t!function(f,b,e,v,n,t,s)\n\t\t{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n\t\tn.callMethod.apply(n,arguments):n.queue.push(arguments)};\n\t\tif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n\t\tn.queue=[];t=b.createElement(e);t.async=!0;\n\t\tt.src=v;s=b.getElementsByTagName(e)[0];\n\t\ts.parentNode.insertBefore(t,s)}(window, document,'script',\n\t\t'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n\n\t\tfbq( 'consent', 'revoke' );\n\t\tfbq( 'init', \"394368290733607\" );\n\t\tfbq( 'track', 'PageView', pl_facebook_pixel_args );\n\n\t\tif ( typeof window.__tcfapi !== 'undefined' ) {\n\t\t\twindow.__tcfapi( 'addEventListener', 2, function( tcData, listenerSuccess ) {\n\t\t\t\tif ( listenerSuccess ) {\n\t\t\t\t\tif ( tcData.eventStatus === 'useractioncomplete' || tcData.eventStatus === 'tcloaded' ) {\n\n\t\t\t\t\t\t__tcfapi( 'getCustomVendorConsents', 2, function( vendorConsents, success ) {\n\t\t\t\t\t\t\tif ( ! vendorConsents.hasOwnProperty( 'consentedPurposes' ) ) {\n\t\t\t\t\t\t\t\treturn;\n\t\t\t\t\t\t\t}\n\n\t\t\t\t\t\t\tconst consents = vendorConsents.consentedPurposes.filter(\n\t\t\t\t\t\t\t\tfunction( vendorConsents ) {\n\t\t\t\t\t\t\t\t\treturn 'Create profiles for personalised advertising' === vendorConsents.name;\n\t\t\t\t\t\t\t\t}\n\t\t\t\t\t\t\t);\n\n\t\t\t\t\t\t\tif ( consents.length === 1 ) {\n\t\t\t\t\t\t\t\tfbq( 'consent', 'grant' );\n\t\t\t\t\t\t\t}\n\t\t\t\t\t\t} );\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t});\n\t\t}\n\t\t<\/script><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The center-right member of the Flemish Parliament told POLITICO that BelGaN was being screened to determine whether it was eligible for support. One media report said it looked into whether the ownership had ties with the Chinese government. The European Commission considers microchips a critical technology. | Annabelle Chih\/Getty Images The Flemish Economy Ministry declined [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12020],"tags":[12544,11433,10828,24899,1341,6618,11269,24902,4179,24900,24901,21594,20643,16158,23383,11315,23384,7824,11715,24903,14811,13447,2764,23385,23891,23386,23387,20642,3912],"dealstore":[],"offerexpiration":[],"class_list":["post-38874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5g-technology","tag-5g","tag-bankruptcy","tag-belgian","tag-belgium","tag-cars","tag-china","tag-companies","tag-dents","tag-dreams","tag-electric-cars","tag-energy-efficiency","tag-eu-china-relations","tag-europes","tag-hong-kong","tag-industrial-strategy","tag-industry","tag-information-technology","tag-manufacturing","tag-markets","tag-microchip","tag-parliament","tag-politico","tag-security","tag-semiconductors","tag-state-aid","tag-strategic-autonomy","tag-supply-chain-security","tag-supply-chains","tag-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Belgian bankruptcy dents Europe\u2019s microchip dreams \u2013 POLITICO - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=38874\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Belgian bankruptcy dents Europe\u2019s microchip dreams \u2013 POLITICO - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"The center-right member of the Flemish Parliament told POLITICO that BelGaN was being screened to determine whether it was eligible for support. 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