The EU pouring even more billions in this would just have meant pouring billions on US tech. China is winning on all fronts at this game because of the embargo, they end up even more vertically integrated as a result of it.
Hard to not see this as another sign of European stagnation...
- Europe was first to dig up its fossil sources of energy, the bulk of it is long gone
- Europeans got used to roughly clean air, soil and water, heavy industries are polluting
- the embargo is forcing China to vertically integrate, the Chinese have no alternative, Europeans (think they) do
Which is crazy given that ASML is European.
american tech operationalized in europe