[varispeed]

I think TSMC over estimates how state sponsored fabs would look like. I can predict now that it will be a disaster and many billions will be funnelled to bureaucrat friends through questionable procurement. If there is going to be a miracle and they actually build a fab, it will be lacking as they will not find specialists willing to work for EU wages and level of taxation.

[kar1181]

I think Intel will do a good job of it. They have no choice if they get this expansion wrong they are done.

My expectations for Europe though, are sadly much lower.

[greggyb]

Europe saves on shipping from ASML to any fabs on the continent! That's a competitive advantage!

/s

[trynumber9]

To some extent it's true, but pretty minimal as ASML sometimes delivers machinery to their East Asian customers by rail to China then does the last bit by sea.