These are valid worries, never claimed those weren’t the case. However, saying Europe has “no presence in that market” is also not true, the presence is significant.

Strategically it would be smart to have working fabs in Europe too, it would just take a lot of time and investment. America already started working on it (if I remember correctly) and China is already closing in…

Well yeah because that is a near monopoly in Taiwan with TSMC. It is a supply chain and every part in that chain is just as valuable. There is a serious presence of Europe/The Netherlands in the form of ASML in the chip market. It is one of the bargaining chips of the Dutch government when it deals with the United States.

Not true. The Netherlands has ASML, sort of a monopoly on the manufacturing of semiconductor machines.