Eu is going for "technological sovereignty" by asking people how to install linux (you know, that USA based linux who banned Russian contributors for being Russian but suuurely wouldn't ban other europeans). And if they manage somehow to get Ubuntu going, they'll call themselves 'independent and cyber-secure' because I doubt anybody could be so cruel as to mention to them the hardware problem and the 0 number of fabs they have ;)
I know you're being facetious, but perhaps you forgot, or are not aware, that Intel buys their photolithography machinery from ASML [1], a Dutch company. I'm unsure about AMD and nVidia at the moment, I'd need to have a look.
As for the lack of fabs based in Europe, you're not completely off. Fortunately, there are ongoing plans to build several across France, Germany, and Italy [2].
Push come to shove, we'll be happy to switch to using GNU/Linux on ARM ;)
[1] https://www.nasdaq.com/articles/intel-keeping-wonderful-secr....
[2] https://digital-strategy.ec.europa.eu/en/news/milestone-stre...
I also have this strategy to invest 800Trillions in a IPFS git for a distributed kernel and DAO with AI consensus running on RiscX - impervious to corporate capture. I will have a itinerant pick-up truck with ASML machines going to customers garages to operate their clean rooms made from vacuum cleaner filters and placed on really really thick anti-vibration bath sponges. For good measure I will spawn out of imagination another 800Trillions for a private army to defend my DAO.
My point is: EU dreams up its ability to print money at will just like FED but without a MIC to back it up – a total disconnect from reality (especially after the suicidal disconnect from Russian energy).