The EU is simply too scared to actually put it's foot down.
If they really want to, they can just limit the export of ASML machines only to companies that have at least one of their fabs here in the EU.
But they won't. In stead they will just handover €30 billion of public money to multinational corporations with market caps larger than the yearly GDP of some EU countries.
Edit: For clarity, I'm not suggesting banning the export of ALL machines to outside the EU. I'm just saying they could force companies to also have at least one big fab inside the EU, for geopolitical purposes.
If they really want to, they can just limit the export of ASML machines only to companies that have at least one of their fabs here in the EU.
But they won't. In stead they will just handover €30 billion of public money to multinational corporations with market caps larger than the yearly GDP of some EU countries.
Edit: For clarity, I'm not suggesting banning the export of ALL machines to outside the EU. I'm just saying they could force companies to also have at least one big fab inside the EU, for geopolitical purposes.