Your mobile phone runs on a CPU architecture designed in Europe (ARM), manufactured by a machine that only a European company can make (ASML), using a number of protocols invented in Europe (Bluetooth for example), using protocols invented in Europe to browse the internet (HTML/HTTP), based on a very long history of computer science ideas and programming languages invented in Europe or by Europeans.

Give credit where credit is do.

Having said that, I do agree that US companies tend to be better at commercializing new ideas than European ones.