TSMC looks to double down on U.S. chip factories as talks in Europe falter

"European chip and auto companies, for their part, are mostly lined up against the idea. They would prefer subsidies for the older-generation chips that are heavily used by car manufacturers and are in short supply.

Many of TSMC's most lucrative customers, such as Apple, are U.S.-based, while its European customer base is made up of mostly of automakers buying less-advanced chips."

Oh boy... This is exactly why EU will always stay third behind USA, China...

"We don't need e mobility, we have the best combustion engines!" Tesla owns VW now.

"We don't need Apple like chips"

This hurts. Apple and rest does many things differently and way better than EU. We should learn from them.

Or do I miss something?

Tesla owns VW? Telsa is overvalued and still doesn't make profit from car manufacturing. And it's USPs get fewer and fewer and especially full driving autonomous won't happen in the near future despite Musk's claims

You've bought the CNBC fud. Tesla made 4x the profit from cars than bitcoin or credits. Valuation is based on the future, not on the past. Exponential growth matters - just look at the last ten years, then extrapolate a few years more. If you did not predict 500k Tesla cars delivered in 2020, back in 2015, then you can not credibily comment on current valuation ( which is based on the future).