Like with the Arizona fab question where will they find the skilled workers? Putting up four walls and a roof, with some chip fabbing equipment doesn't make an efficient fabrication location. When you have American TSMC worker complain about long shift hours i imaging it wouldn't be any better in Europe for TSMC.

This feels more like TSMC grabbing from subsidies pots where it can hoping this will please the NATO nations and that TSMC hopefully survive long enough te reenter the mainland again on time before the mainland goes completely domestic with chips fabrication.