As a European, enjoying the environmental quality of life our regulations provide, I'm ashamed to admit it might be impossible to make chips here, as it's probably a dirty industry that Europe prefers to keep offshore.
And you are wrong to think that in my opinion, chip manufacturing in Europe was huge 25-30 years ago (there was high-end memory chips manufacturers, high-end GPU manufacturing and cutting edge nodes in Europe at the time).
There are EU/Euro fabs. Not just cutting edge or for logic
We make lots of chips (for mostly US based companies) in Europe, so that ship has sailed.
Ahh exporting problems then shouting mindlessly why 'everyone else don't just do what we do'