The EU Commission is desperate to find niches where it becomes an essential dealmaker.
To their dismay, after 50 years of trying hard, they are still an irrelevant institution economically, a net negative for businesses and individuals.
The chip industry will and can sort their issues perfectly on it's own. In fact one of the top chipmakers is already European, and they are doing extremely well, they don't need any political help.
Will they do something about the fact that when YC (to put a very random example) invests, they ask the recipient to move to US as EU regulatory environment is extremely hostile to startups?
How about lowering taxes? Have they ever considered aligning with the rest of the world to make it easier to do business, or they pretend to succeed being approximately the most hostile region for businesses?
Trade unions constrain employment and add inefficient procedures in the workplace.
I will always avoid any industry/country dominated by unions. And that's how I moved from Spain to UK.