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So TSMC & that European company holding the entire world by their semiconductor balls isn't a concern?

What European company? Do you mean ST microelectronics, ARM, or something else?

I'll wager a guess: ASML, the Dutch company that makes the magic machines TSMC(and others) use to make chips.

TIL, thanks! So Europe does have some big players in the chip production facility infrastructure, after all!

Probably ASML: