>Apple won't produce a lot of cutting-edge iPhone chips without ASML lithography. Who cares who makes what widget in the supply chain of whatever product? Tha

>Apple won't produce a lot of cutting-edge iPhone chips without ASML lithography. Who cares who makes what widget in the supply chain of whatever product? That doesn't change the fact that Apple makes higher margins on the ASML-TSMC made chips than ASML themselves. If you insist on being pedantic on the supply chain, then ASML couldn't build those machines without the EUV light sources from Cymer in California. iPhone are also made by Foxconn in China, so what? Every country has some companies highly specialized in something specific, but what matters at the end of the day is who takes home the biggest slices of the pie from the end product, not who makes how many widgets inside the product. >Phones (at least some generations) also use NXP chips. NXP is highly toxic company to work for that just had another wave of layoffs, and also has lower profit margins that Intel, AMD, Qualcomm, Nvidia, etc. basically all the US semi companies. So I'm not sure what you're trying to achieve here but your chosen examples aren't selling the image of EU tech supremacy. Just look at market cap of EU vs US tech sectors.