They have ASML (in the Netherland), that's pretty strategic. (Most of the technology used by the Taiwanese semiconductor company relies on the 3D silicone printing done by ASML).
It is a good thing certainly, as the chip building facilities in the end need to use their tech. However Europe should take a further step forward to bring at least some level of printing ability to the continent. Maybe you do not need to have te latest 3 nm chips, you could perfectly do for most applications with a bigger print and still have some resiliency.
I reckon this would not be as competitive as having TSMC chips, but it is vastly useful for many applications and provides a level of strategic independence.