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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France alone was the #2 supplier from 2015-2019: https://euro-sd.com/2020/03/news/16688/sipri-biggest-arms-ex...
You really can't blame Taiwan for not rushing to put its most cutting edge expertise in the EU.
That's 2,5 x f35's ( without maintenance) which really is just peanuts.