Spoiler: they don't have any customers.
USA has Nvidia, AMD, and Qualcomm and Apple.
U.S.Europe's ambition to make the most powerful computer chips risks wasting billions of euros, a German think tank said in a report on Thursday, urging policy makers to focus instead on rebuilding the region's chip design industry.
https://www.reuters.com/article/us-semiconductors-europe-idUSKBN2BV1K2[https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN2BV1K2]