> But questions remain about whether the EU has the financial firepower... The question of political will is very real, but financial firepower? Chip manufactu

> But questions remain about whether the EU has the financial firepower... The question of political will is very real, but financial firepower? Chip manufacturering is expensive, but is Bloomberg suggestion that the EU doesn’t have the same financial firepower as Apple? Sure you also need to build a few fabs, and while expensive, it’s not that expensive if you’re a government (or the EU). More realistic the EU members will fight over in which countries to spend the money.