Simpler view for me: this is one of the most capital intense technologies to exist. Europe does not have enough capital to compete. China is building its own chips. It’s own everything. Silicon up. How do you compete with that. Only Google and maybe Aamazon is doing it domestically.

> How do you compete with that.

I feel people are too focused on US/China and don't pay attention to what is going on in the world.

ASML in the Netherlands for example was the only company in the world that makes EUV lithography machines, which all the major chip companies depend on. China recently reverse engineered their work to create machines since late 2025, but not sold commercially.

Ireland has chip production facilities.

EU might not be in the top 2, but it is not out of the running at all.