And US lost the significant role in chip/pc manufacturing. But if a product becomes commodity or utility (which at least for now it seems is the direction), with little lockin, it's not a big deal.
I hope we (EU) don't waste money trying to train local models (which at least some people in Poland try to do), and tries to build our own chips - AI chips have different architecture than regular processor/GPU, and TSMC doesn't need to be winner in this new race.
And if not this, then smaller labs, harnesses and actual application.