As a European, we obviously want to, but are systemetically incompetent on every level. It permeates everything. Even if tides were to change rapidly, it would require decades of growth. The US has been consistently marinating themselves in their odd but productive culture for decades and it has paid off.

It arguably started after WW2 when the transistor was invented; appearantly it was also simultaneously invented in France, but just never got the kind of serious development that it got in the US.

Domestic AI means spinning up new fabs I think, and maybe power. Maybe an entirely new foundry could work. Or market dynamics and/or architectures change and it becomes 10x cheaper to run a 1T-class model.