> That's why Europe is so underrepresented in big-tech internationally and the biggest wealthiest European companies are fashion related(LVMH) where the selling

> That's why Europe is so underrepresented in big-tech internationally and the biggest wealthiest European companies are fashion related(LVMH) where the selling point is the name brand without any substance. Not sure market cap is really the metric here (and only 2 of the top 10 are currently fashion related, the rest is pharma, semiconductor, food, ecommerce, banking, etc.), since those can be easily inflated to completely unreasonable levels and are more an indicator of marketing success than anything else. Maybe take a look at the export statistics and you'll find machines and chemicals taking up a very large fraction. However much more interesting is how much of the global economy depends on certain companies: Siemens automation (larger market share than the next two competitors combined). Chemicals - BASF is currently the largest chemical producer in the world (with also the largest chemical production complex in the world being located in Germany). Semiconductors - Without ASML, Zeiss and Trumpf (nevermind all the chemical companies) you will have a hard time producing the chips in your iPhone or any modern desktop/laptop. No matter how much I am not a fan, but SAP might also be of relevance in a few companies.. Also Nokia and Ericsson are not gone from the mobile space, they just focus more on the backend stuff. So while your phone might no longer be from them, there is a decent chance that your phone will be talking to a Nokia or Ericsson device over the air (especially since Huawei hit a bit of a snag in the US and parts of the EU).