In fact that’s exactly how TSMC and Samsung got where they are - the Taiwanese and Korean governments decided to invest in semiconductor manufacturing at the na

In fact that’s exactly how TSMC and Samsung got where they are - the Taiwanese and Korean governments decided to invest in semiconductor manufacturing at the national level. If a plan like the above goes through EU governments will likely subsidize the likes of Siemens and Philips with 10s of billions of €.