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> Doesn’t the EU have an excellent education system?

Well, the EU has not manufactured a whole lot of chips in the last 30 years, where do you get the people with the professional experience to teach new engineers... Oh you mean you have to import the teachers from South Asia too? /s and it takes what, 5 years at the minimum to train an engineer? France and UK used to produce entire home computers... in the 80's...

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Come on, STM, Nordic, Infineon, NXP are all European. There is a bunch of chip-making installations in Dresden, Germany (Global Foundries, Bosch, etc), and there's Intel Fab 34 in Ireland. BTW TSMC is planning to open a production facility in Europe in 2027.

This is not comparable to Taiwan or the Shenzen area, but it's definitely not nothing. Some local expertise exists, even though it may be not the most cutting-edge.

ASML, which is based in the Netherlands, produces chip-making machines which TSMC and everyone else use to produce said chips. I think they got some expertise too :)

This is so, but ASML does not produce chips. There's a difference between e.g. building an airplane and piloting an airplane.

ASML doesn't make chips, they make the machines.

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