Who said anything about mom and pop shops? You're arguing in extremely bad faith, as usual with this topic.
Doctolib, Revolut, Adyen, Nokia, Ericsson, Siemens, and tons of others I can't be bothered to list.
> The EU semi companies you listed are absent from the state of the art and only make low margin commodity parts that don't have moats
You think industrial controllers don't have a moat?
> If you fall out of the state of the art then the claim of EU fumbling semiconductors is correct.
Absolutely not. There is more to the world that state of the art.