- Habeck explains logic behind ban on Elmos sale
- COP27: Hope for early emission peak
- Xie offers climate aid for developing countries
- Duisburg’s smart city parts ways with Huawei for the time being
- Bloodletting of tech billionaires
- Chinese government orders fleet of C919
- Obituary for Bao Tong
Cosco yes – Elmos no. Where is the logic in that? The entry of a state conglomerate into actual infrastructure would, after all, be more detrimental to Germany than the takeover of a small factory for semiconductor precursors by a Swedish-Chinese company. German economy minister Robert Habeck consistently opposed both deals equally, as our analysis shows. It was Chancellor Olaf Scholz who tipped the scales in favor of Cosco’s entry. Of course, the fact that Scholz used to be the mayor of Hamburg could have nothing to do with it.
Habeck, in turn, explained his concept coherently to the press on Wednesday. Europe should no longer be naive and simply leave takeovers to the market and should be as smart as China. EU member states should join forces to keep important industries in the EU. However, given Europe’s complicated structure, this will hardly work as effectively as in China’s controlled economy.
China is also a dominant player at the COP27 climate conference in Egypt. After all, the People’s Republic remains the largest emission emitter. But hopes are growing that emissions will soon turn peak, as Nico Beckert analyzes. Perhaps, and with a bit of luck, the peak will come as early as 2025 – and not in 2030, as envisioned in China’s official climate target. Thus, emissions could start to fall slowly in just a few years. While this would be a tremendous success, it would not be enough. Because in order to still meet the 1.5-degree target set in Paris, emissions would have to fall dramatically after 2025. It is now up to the conference participants to combine what is possible with what is necessary.
Bao Tong has passed away. The former top cadre and later dissident, who tried to prevent the catastrophe of 1989, turned 90. Michael Radunski has written his obituary.
Elmos: Politically sound, factually exaggerated
Was Germany’s security really at risk? Federal Minister for Economic Affairs and Climate Protection Robert Habeck has cited geostrategic risks as the reason for prohibiting the takeover of chip manufacturer Elmos by a Swedish-Chinese competitor. With reference to overarching political goals, he managed to block the takeover. It is fitting that he immediately blacklisted another takeover on Wednesday: According to the minister’s will, ERS Electronic will also not go to a Chinese buyer.
On Wednesday, Habeck also very clearly expressed what he is actually concerned about. He sees Elmos Semiconductor, with sales of 320 million euros, not as an isolated case, but as part of an overall global situation. “It is imperative to look at the whole picture.” Habeck senses a “very deliberate, strategic approach” in China’s actions to occupy key industries worldwide. Germany should be an open, “but no longer a naive market economy,” Habeck said on Wednesday in Berlin at a press briefing. With the changing geopolitical situation, dependence on economic actors outside the EU has “moved to the center of the debate,” he said.
The developments in big politics have caught the semiconductor specialist Elmos Semiconductor from Dortmund cold. The acquisition of a factory producing basic chip materials by the Swedish competitor Silex Microsystems from Stockholm was actually a done deal since December 2021 (China.Table reported). Stakeholders did not anticipate any problems with the pending approval. But Silex is owned by the Chinese company Cellwise Microelectronics.