You can invest 5.5 billion to create local companies, instead of subsidizing an American one.

If you want to create an Intel competitor from scratch that will be way, way more than 5.5 billions and will take a ridiculous amount of time.

You don't need to create an Intel competitor from scratch. For example the same money can be better invested in Infineon, ASML, Bosch or a number of local companies that work on chips. Or it could be put into RISC-V work.

I don’t get your point. What you describes sounds exactly like the goal of such a subsidy. With new Intel factories in Europe that means more demand for ASML and other European companies, given that they already collaborate. With the addition that you can now train Europeans and develop the industry locally.

My point is that as a taxpayer in Germany, I don't want to subsize an American company. Better to invest in local companies like Infineon or Bosch.

Americans feel your pain, given the subsidies German automakers have received to build plants in our country over the decades.

Mercedes got $260m in Alabama in the early 1990s, BMW got $150m in South Carolina in the early 1990s, Volkswagen got $570m in the late 2000s in Tennessee. That's close to $1.6 billion inflation adjusted from just three examples of it.

The US economy is six times the size of Germany's economy, so those are massive subsidies in relation.

I don't know about Infineon, but Bosch would boat anchor that money and then you'd just be out $5.5B. No way Bosch is going to be a world class fab provider.

5.5 billion will barely let you build a fab, if even that.