Europe is attempting to achieve its own degree of self-sufficiency, here:
www.european-processor-initiative.eu
I really hope this time we do better than on previous attempts to build a European Supercomputer. Unfortunately, past experience with some projects I participated/contributed tells me that won't be easy.
The first and probably the closest one to being successful was the attempt to build a supercomputer based on transputers.
https://en.wikipedia.org/wiki/Transputer
In the late 80s early 90s transputers where ahead of its time. They pioneered the concept of clusters and MPPs. Other innovations where hardware based context switching 2 decades before Intel Hyperthreading and integrated communication links for message passing. Unfortunately the failure to deliver a superscalar transputer in mid 90s killed all prospects of having a competitive supercomputer.
Next one was the ACRI project. If transputers pionered MPPs at a time where supercomputing was dominated by vector supercomputers, ACRI was too late for its time. It was devised as competition for vector supercomputers, at a time where supercomputing was already moving to MPPs. In the end it didn't matter, the project was a total failure plagued with management issues. This is the story of a European supercomputer that never happened.
https://archive.gyford.com/1997/wired-uk/2.01/es/waste.html
Last and more recent is the (multiple) montblanc projects.
https://www.montblanc-project.eu/
They where technically succesful, but again nothing close to a European supercomputer came out of it. In the end its main contribution was to pioneer the concept using ARM for supercomputing and creating a supercomputing software stack for the ARM ecosystem. It was the japanese with the Fujitsu A64FX and Fugaku supercomputer, who benefitted the most, they reused most of the software stack.
I see no reason why this time will be different, but I'll be happy to be proven wrong.