After French President Emmanuel Macron scrapped plans for a high-speed rail connection to Limoges, a city in central France, local entrepreneur Fabien Thibaut picked up his telephone to call Tesla Inc chief executive officer Elon Musk and talk about the hyperloop — Musk’s idea for superfast trains zooming in tubes.
“This kind of project is essential for a city like ours,” said Thibaut, one of many in France who wants to bring home a piece of Musk’s idea. “We have nothing here — this would bring companies, jobs, tourism.”
In the country that invented high-speed TGV trains and the supersonic Concorde plane, Thibaut had no trouble drumming up support from others, including the deputy mayor.
However, with the French government keen on cutting public spending, officials in cities, such as Limoges, Orleans and Toulouse, are seeking cheaper approaches to futuristic transport, pitching themselves as hotbeds for testing.
While they cannot put fat checks on the table, French cities are relying on handouts of real estate, tax cuts for engineering talent and some limited subsidies to attract hyperloop-inspired projects.
“Any hyperloop project will need government support whatever happens,” said Serhiy Yarusevych, a mechanical engineering professor at the University of Waterloo in Canada. “There are no breakthroughs required on the technology side. What will matter is the funding for land, infrastructure and R&D [research and development].”
Musk’s idea is not new — French novelist Jules Verne imagined pneumatic pods crossing oceans in tunnels at 1,496km per hour a century and a half ago — but since he laid out the concept of the hyperloop in 2013, a flurry of initiatives has emerged.
Musk’s space company, SpaceX, has organized student competitions to build prototypes, while British tycoon Richard Branson is backing the troubled Virgin Hyperloop One, which is itself working with German automaker BMW AG in Dubai.
Two other Los Angeles start-ups, Hyperloop Transportation Technologies (HTT) and Arrivo Corp, also are developing similar concepts.
So, while Musk never returned Thibaut’s call, a Canadian start-up called TransPod Inc did.
TransPod’s technology is based on magnetic propulsion and electrified tracks, moving pods through a vacuum tunnel designed to reduce friction. As with most hyperloop projects, the bulk of the estimated costs are for deploying infrastructure.
TransPod co-founder Sebastien Gendron estimated that his company needs 20 million euros (US$24.2 million) in financing to complete the Limoges project at the current stage, and said that he is planning to raise half of that from private investors.
In Limoges, discussions have zoomed in on the prospect of building a 3km test track and a 15-person research center as TransPod seeks subsidies from government-backed structures in the region as well as from the EU.
Limoges Mayor Emile Roger Lombertie said in an interview that TransPod must first find venture capital investors before the city jumps in to help with financing.
It is now providing administrative support.
TransPod got a green light from another local authority to use retired rail tracks free of cost.
The fate of the project is hanging on a decision by authorities about whether an environmental study is needed, chief executive officer Gendron said.
About 240km north, another city, Orleans, also took to the hyperloop after years of unsuccessful lobbying to get a high-speed link to the French capital.
The mayor’s office reached out to a French entrepreneur called Emeuric Gleizes who is aiming to develop an air train by 2025.
While there is little chance Orleans will offer up a chunky jackpot for his SpaceTrain, Gleizes is hoping to get free access to 18km of unused train tracks in the region to test a prototype, in a deal similar to TransPod’s in Limoges.
To reduce development costs, SpaceTrain ditched the idea of a tunnel and instead would move carbon-fiber shuttles carrying as many as 40 passengers at 540kph using a method based on air cushions, often employed by industrial companies to move heavy objects.
Orleans also rang up HTT, which has made announcements about planning a 10km Hyperloop route in Abu Dhabi and a research lab in Brazil.
In southwestern France, Toulouse, the home of planemaker Airbus SE and heaps of aeronautics experts, is preparing to host an experiment by HTT.
“France is one of the best European countries when it comes to supporting start-ups and innovation,” HTT co-founder Dirk Ahlborn said. “Of course France isn’t the country where everything happens the fastest — if the [United Arab] Emirates wants something, for example, if will happen.”
In France, Ahlborn is eyeing public funding for innovation, and said HTT would hire 15 people at a research lab in Toulouse.
Local authorities have awarded HTT access to a former army base with a free lease that spans over 40 years, in exchange for refurbishment and de-pollution work, including removing bombs from World War II.
The goal is to put together by the end of the year a track that is 320m long that has tubes sitting on pylons almost 6m high. The installation could later be extended to 1km.
HTT, which missed a deadline to open a test center in California two years ago, said the Toulouse system could be ready within three years.
So far, gray tubes about 4m high have been hauled by truck from Spain to Toulouse.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied