there is truth to the scarcity of EUV solutions, although I am more radical, I don't think there's really scarcity of ANYTHING except real estate, physical or metaphorical. that said this little rinky dink patent... Mistral is not ASML. Never was, never will be. you are welcome to read into the dynamics of EU capital markets.

honestly the craziest thing to me is that VC people in the EU, they say, let's grow the pie, and when you look at their little decks with their little flags next to the portraits, it's french, german, italian, spanish, all piling into the same 40 or so companies, which will 110% list in the US in order to exit. Meanwhile, EU member Poland produces tons of entrepreneurs, despite no Polish flags in those growth fund decks, and its best people just leave to the US and raise money there and make fabulously successful stuff.

so yeah, "grow the pie" except for Poland. EU relitigating the same feuds it has been for centuries.