EU Signs €145B Declaration to Develop Next Gen Processors and 2nm Technology
EU has the tech. ASML is #2 company in EURO STOXX 50 index with 5.69% weight.ASML is the world's largest photolithography systems manufacturer and the only one producing  extreme ultraviolet lithography machines. These EUV scanners are expensive as hell. Last years model costs $120 million per piece and you need 10-15 of them for TSMC gigafactory.TWINSCAN NXE:3400C (7 and 5 nm nodes, >170 wafers per hour) is probably the most expensive machine in the world.