remember EU had Nokia and Skype and that was before overregulation. What happenned? Both got sold out because EU doesn't have money printer and petrodollar. EU cannot compete even if it would reduce taxes and decrease regulation because they cannot protect their best tech companies from being bought by dozen of billions of printed papers. Most even such companies are on US stock exchange because that's another different money printer.
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remember EU had Nokia and Skype and that was before overregulation. What happenned? Both got sold out because EU doesn't have money printer and petrodollar. EU cannot compete even if it would reduce taxes and decrease regulation because they cannot protect their best tech companies from being bought by dozen of billions of printed papers. Most even such companies are on US stock exchange because that's another different money printer.
And Qimonda (Infineon/Siemens) - DRAM manufacturer. They could have prioritized EU for supply.