They're not going to build a fab in downtown Heidelberg :-) There are plenty of industrial parks available near transportation, water, and electricity in Europ

They're not going to build a fab in downtown Heidelberg :-) There are plenty of industrial parks available near transportation, water, and electricity in Europe to build this out. This also aligns with how the modern chip ecosystem works where the fab components are coming from Europe, the advanced chips are coming from Taiwan, other chips are coming from across SEA, and final assembly is happening in China. What I suspect will happen is that Europe will start printing advanced chips and most of them will be shipped to China for integration. If a conflict/dispute breaks out, switching to European assemblers will be expensive but totally doable with a short-term investment (2-3 years??)