Taiwan's chip giant TSMC is now almost certainly building a factory in Dresden. The EU and Germany are fiercely courting the market leader for advanced chips.

The technology that lures Germany with a lot of money is outdated. The automotive industry in particular is pushing for the vital components to be produced again within the EU. This is also an important building block for the "de-risking" that is currently dominating the China debate. A conflict over or with China should not paralyze the entire industry.