Does a Leading-Edge Foundry in Europe Make Any Sense?
Europe once held more leading-edge manufacturing than it does today. There's no single reason for this. GlobalFoundries has several manufacturing plants in Dresden, but these are older factories producing on legacy nodes. Companies such as STMicroelectronics, Infineon, and NXP are still major industry players, but they fab on older nodes or outsource to TSMC for leading-edge capability. According to a recent report from a German think tank Stiftung Neue Verantwortung (New Responsibility Foundation), the EU's efforts to build a 2nm leading-edge fab is likely to fail for several reasons. First,