ASML sold exactly zero machines to European chipmakers last year.

- ASML is the largest European company by market capitalization and one of the key players in chip manufacturing in the world

- In the last quarter, all sales of the most advanced chip-making machines went to Asia and the USA; Europe got zero

- A top ASML manager said it bluntly: Europe is not investing and no new chip factories are being built there

- The company is now considering moving production and research outside the Netherlands; a quarter of research already runs in the USA, and there is pressure to increase it to half

- China and India are reportedly "rolling out the reddest carpet" and luring ASML to build there

Europe has at home one of the most important companies in the entire semiconductor chain, and yet other countries benefit from it. Capital and production naturally go where there is real demand and political will.