After Intel Magdeburg's cancellation in July 2025, a realistic conclusion has to be accepted: the United States will not be the source of new manufacturing capital for European fabs in 2026–2028. They remain a critical partner — in regulatory cooperation, defense, research, x86 architecture, AI models, hyperscale cloud, and security — but the capital for new manufacturing capacity in Europe must come from elsewhere.
- 1. Strategy and overview
A partnership map for the post-Magdeburg world.
- 2. South Korea
Semiconductors, HBM, and the Korean industrial stack.
- 3. Japan
Industrial-stack cooperation with Japan.
- 4. Taiwan
TSMC and Europe's silicon exposure.
- 5. United States
Extraterritorial reach, CLOUD Act, Schrems II.
- 6. India
Emerging-market tech and digital public infrastructure.