This means you're getting the lowest industry margins, meaning less profits, less money for R&D, less wages and also less geopolitical leverage. This is nothing to celebrate but should be an alarm clock for our elected leader to wake the f up.
A lot of semi research is done in the EU, like at IMEC in Belgium, but few of it ends up commercialized by EU companies, so EU taxpayer money gets spent but other nations get to reap the rewards.