Europe as a project is over, it's all downhill from here. You can't regulate yourself into economic growth, and there is nothing else the Eurocrats care to do. There is still lots of fat in the land that they can leech off before Europe kicks the bucket.
I mean, people have been saying this about the EU and its predecessor organisations since about 1950. If you believe the right-wing media, the EU should collapse a few times a year from various causes; it's as bad as the Roman Empire!
"automated" is the issue when producing chips. You can automate some to a certain level of nm. Have you seen the labor needed for maintaing a single modern ASML machine? Also we got a lot, but Japan has the tools to verify results.
More than LLMs, Europe needs chip autonomy. ASAP.
Own fabs, own IP.