Germany is positioned excellently for chip production, why would you consider that a bad investment?
https://www.dw.com/en/bosch-is-the-new-star-in-silicon-saxon...
Germany is also pretty heavy on high tech production, so there's a big existing supplier network.
Key suppliers like ASML are nearby (Both the Netherlands and Germany are part of the Schengen Agreement, so logistics-wise almost as open as cross-state transports within the US).