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The EU pouring even more billions in this would just have meant pouring billions on US tech. China is winning on all fronts at this game because of the embargo, they end up even more vertically integrated as a result of it.


So China innovated around GPU supply issues (because they had to) but Europe couldn't/wouldn't?

Hard to not see this as another sign of European stagnation...


In no specific order:

- Europe was first to dig up its fossil sources of energy, the bulk of it is long gone

- Europeans got used to roughly clean air, soil and water, heavy industries are polluting

- the embargo is forcing China to vertically integrate, the Chinese have no alternative, Europeans (think they) do


> The EU pouring even more billions in this would just have meant pouring billions on US tech.

Which is crazy given that ASML is European.


So is Zeiss, and probably a lot of others in TSMC's supply chain. It still looks like the bulk of the money is made by companies higher in the stack like NVidia and AWS.


ASML is basically american though.

american tech operationalized in europe


How so? No American shareholder with a majority afaik and everything else about it is very European




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