As a European I have to say I am extremely jealous of a government with the willingness of doing something as radical as this. Europe desperately needs to secure its own semi conductor supply chain. Neither the EU nor any member states seems willing to do anything about this though. Europe still is in a position, where it feasibly could control 100% of the semiconductor value chain on the continent. But besides meani…
To be fair, Europe does have ASML which has something like 2/3 market share in DUV and almost monoplistic in EUV.
The moat is enormous, so they are unlikely to face any serious competition for at least a decade if not more.