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Maybe if it comes with clauses for a substantial transfer of technology to EU partners. But I doubt Intel would agree to that.

That’s the question, isn’t it. The workers, plants, and much of the technical knowledge won’t be foreign.

Yeah, but people could work at Intel in Ireland for a long time, ditto for Google in Ireland/Switzerland etc. Knowledge transfer happens but the people it goes to stay with the US firms. Or they leave but aren't interested in competing with their old haunts and go to do something else.

It could depend on you time line. If you're thinking 20 - 30 years, then it may not be a bad idea. Get some US company to build a plant and run a plant, then hope that at some point some of the employees will want to start their own companies, using the knowledge they've gained working at Intel.

Seems like a long shot though

EU can ban trade on semiconductors and stop it from exporting at any point, effectively avoiding shortages in case of wars pandemics etc much like the US and later EU did for vaccines.

Even though US doesnt export vaccines due to a ban, Pfizer has a plant in the EU making and selling the vaccine in the EU.