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.
Older lithography is what European automakers need, and the same can be said for robotics. The only reason for EU to demand fabrication of leading edge chips in Europe is hubris. How many laptops and mobile phones, in percent terms relative to those respective markets, are assembled in Europe?
But don't car manufacturers as well as robotics also need higher end(newer litography) chips? I would assume it should be a mixed bag - things like media centers in cars to have something more decent; and dedicated chips for stuff like image recognition for robots as well, or is my assumption completly wrong?