Yeah Intel has built fabs in Israel and although it does have a very large and arguably very successful development center there it’s also a chicken and the egg

Yeah Intel has built fabs in Israel and although it does have a very large and arguably very successful development center there it’s also a chicken and the egg so if you build it they will come… I can’t see a situation in which the UK couldn’t have made a sufficiently enticing proposition when it comes to pure commercials. That said I think the main factor here is that Intel is afraid of a protectionist EU policy as far as manufacturing IP goes with ASML being a Dutch company it puts the entire semi industry at the mercy of the EU if they do decide to push for a protectionist regime to bring back manufacturing closer to home. Many other European companies also play a key role in the industry such as Philips (a lot of material engineering and manufacturing techniques) and Carl Zeiss (who makes the extremely specialized lenses and optical assemblies for lithography particularly for UV processes). So whilst the EU doesn’t have manufacturing capacity especially when it comes to leading nodes they are in a better position to half the global production of advanced semi conductors and ICs than anyone else really.