As always zero meaningful information from what EU is planning - good for assigning funds and spending on non-effect-making "investments". Just check fruits of plans from few last periods: procuring, security, nanotechnology, cloud LOL - funds was spend and nothing substantial has shown. Maybe some minor internal infrastructure for bureaucrats.

But yes, CPU and Co are hard and unprofitable without monopoly which US build by making that tech corner unprofitable for anybody else. Possibly just by complicating things with other layer - software compatibility. And strategic gov care. Good for US.

So there is only one way ahead: technology change like eg. making CPUs from graphene. Just example, maybe graphene is useless for that but you got an idea - escape forward :)

And if you try to imagine CPUs and other electronic few hundreds years ahead: build one or two fabs per continent or country is stupid - you need to have possibility to order custom ASIC from home - it need to be such easy ! I know it's not really helping but such electronic industry shape is a must, whatever it is US, China or Europe.