And hopefully, at some point, the European countries will get off their collective ass and start catching up too.

I thought that was the point of the chips act

In her 2021 State of the Union speech, Commission President Ursula von der Leyen set the vision for Europe’s chip strategy, to jointly create a state-of-the-art European chip ecosystem. This will include production, as well as connecting the EU’s world-class research, design and testing capacities. And already in her 2022 State of the Union speech, President von der Leyen highlighted that the first chips gigafactory in Europe will break ground in the coming months.

https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/europe-fit-digital-age/european-chips-act_en

I duno if anything came of it though?