> the emergence of LLM coding tools could make it even easier than before

I find this highly optimistic. It will take years, maybe decades for EU to replace US clouds and tech. And if they're going to do it with LLMs, then it will take billions of euros in devs and tokens (again, all going to US tech companies).

Meanwhile, USA continues to strategically re-home TSMC to Arizona whilst simultaneously make huge investments to invigorate Intel and Micron.

Over the last decade USA and China have doubled-down on massive investments to out-compete each other while the EU seems like it's struggling to understand where to even begin.