Even the EU thought the “EU Chips Act” was a failure which is why they are trying to re-invent it after spending billions https://www.theguardian.com/business/2025/apr/28/eu-microchi...

I don’t think the goal there was to sit around praising past accomplishments. You always have to keep building.

And that’s about it..

In relative terms there is no innovation happening outside of that and some other smaller companies providing highly specialized components that are a part of the supply chain.

There isn’t just much if anything to brag about. ASML is great but it’s effectively a monopoly (for the time being) due to a large extent some correct historical choices.

ASML doesn't make chips.