That's announcing 40k WSPMs of eventual capacity spread across 28nm and 16nm nodes. I mean, it's a start, and I'm sure automakers are totally stoked given the Nexperia debacle, but the EU will remain completely dependent on foreign advanced node semiconductors.

Compare to TSMC's Arizona project, which will supply 30% of TSMC's 2nm and smaller process output. Already just one of the six planned TSMC fabs in Arizona is pumping out ~30k WSPMs at 5nm or smaller.

And that doesn't even get into CoWoS packaging, which is essential for all the highest-performance and highest-margin parts.

The fact is: In semiconductors, Europe is getting left in the dust. Sure they can fab some mature node chips for industrial uses--and that's not nothing--but Smartphone SoCs, "AI" accelerators, DRAM, even boring CPUs simply cannot be made any more in Europe, and to the limited extent that they can, they will be horrendously uncompetitive on the market and outclassed in every performance metric by Chinese and American chips.

EU is on a big sovereignty kick right now, which makes sense given that their foreign dependencies keep blowing up in their faces. So it's strange that EU is so complacent about their foreign dependency on advanced node semiconductors.