Im really not convinced that can be solved with money alone. China has the money and infrastructure, they don’t have the chips. Europe doesn’t have the infrastructure or the money but may have some chips
But the actually valuable EUV light source technology is developed by Cymer in California. Cymer was only permitted to be acquired by ASML in 2014 under a strict technology sharing and export agreement with US government.
It's why ASML can't just sell the machines to whomever they want. It's largely American tech inside them.
To do what exactly? They have been nothing but EU funds leech and corporiders.
Every single model is (and always was) behind anything from China.
I wish Europe could find one company that can put us on the map but Mistral’s not it. They have repeatedly shown that extra funding doesn’t magically transfer to better models.