Is automotive industry all that EU cares about? What about IoT/robotics? The fact that TSMC want to build only their older fab here is really disappointing to me.
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England has some semiconductor industry and so does Germany, but less of it is top-spec tech from cash rich companies. Obviously “Europe” still cares about national security but is the money and politics comparable to the US military industrial complex?
You think Siemens which has none of those will be capable to churn out leading edge fabs just like that?
Lets face it, it's not a simple task.