EU to Speed Up Space Ambitions

FILE PHOTO: European Internal Markets Commissioner Thierry Breton of France attends his hearing before the European Parliament in Brussels, Belgium, November 14, 2019. REUTERS/Francois Lenoir/File Photo
FILE PHOTO: European Internal Markets Commissioner Thierry Breton of France attends his hearing before the European Parliament in Brussels, Belgium, November 14, 2019. REUTERS/Francois Lenoir/File Photo
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EU to Speed Up Space Ambitions

FILE PHOTO: European Internal Markets Commissioner Thierry Breton of France attends his hearing before the European Parliament in Brussels, Belgium, November 14, 2019. REUTERS/Francois Lenoir/File Photo
FILE PHOTO: European Internal Markets Commissioner Thierry Breton of France attends his hearing before the European Parliament in Brussels, Belgium, November 14, 2019. REUTERS/Francois Lenoir/File Photo

The European Union will plough more money into rocket launches, satellite communication and space exploration to preserve its often unsung successes in space and keep up with US and Chinese ambitions, its space chief said on Sunday.

Over the past decades, Europe has sought to build independent access to space from US and Russian pioneers to help its industry, with successes such as Ariane rockets or GPS-rival satnav Galileo.

But the recent emergence of US competitor SpaceX and its reusable rockets as well as China's rapid advances, including the first ever landing on the far side of the Moon last year, is giving new urgency to Europe's ambitions.

"Space is one of Europe's strong points, and we're giving ourselves the means to speed up," European Commissioner Thierry Breton, whose brief include the space sector, told Reuters in an interview.

Breton, the former French head of IT company Atos, said that for the first time, the EU budget will be used to support new technology to launch rockets, including reusable ones.

The EU will for the first time sign a 1 billion euro agreement with Arianespace with guaranteed orders to give it more visibility, in exchange for more innovation.

"SpaceX has redefined the standards for launchers, so Ariane 6 is a necessary step, but not the ultimate aim: we must start thinking now about Ariane 7," Breton said.

Breton, who hopes the European Commission will provide 16 billion euros for space in its next budget, said he would propose a 1 billion euro European Space Fund to boost startups.

He also wants to launch a competition to give free access to satellites and launchers to startups, to spur innovation.

For the Galileo satnav system, Breton said he would bring forward to the end of 2024 instead of 2027 the rollout of a new generation of satellites, "the most modern in the world", that can interact with each other and provide a more precise signal.

He wants to launch a new satellite system that can give high-speed Internet access to all Europeans, and begin work on a Space Traffic Management system to avoid collisions, made more likely with the rapid increase in the number of satellites.



Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
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Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)

South Korean electronic manufacturer Samsung Display Co plans to invest $1.8 billion for a factory this year in northern Vietnam to produce OLED displays for automobiles and technology equipment, the Southeast Asian country said on Sunday.

The new facility for the manufacture of organic light-emitting diode (OLED) displays will be located in Yen Phong industrial park in Bac Ninh province east of Hanoi and close to an existing Samsung electronics plant, the government said in a statement released after the meeting between Prime Minister Pham Minh Chinh and the General Director of Samsung Vietnam Choi Joo Ho.

Bac Ninh authorities and Samsung Display on Sunday also signed a memorandum of understanding of the project, local media reported, adding the investment would raise Samsung's total investment in Bac Ninh to $8.3 billion from the current $6.5 billion.

Vietnam has over the last decade emerged as one of the most attractive production hubs for electronics companies.

According to Choi, Samsung has established six manufacturing plants, one research and development center, and one sales entity in Vietnam, with a cumulative investment of $22.4 billion.