I guess with electronics there is a lot to be desired. GPUs, CPUs other chips and a lot of components. Entire smartphones and laptops.
Though what I'd really like to see "manufactured" in Europe is a big internet platform. Something like WhatsApp, Instagram or YouTube, TikTok or whatever.
The Fairphone is a really nice project. It's designed by a Dutch company. According to what I can find on the internet, it's manufactured with ethical standards by Hi-P International Limited in China. And the System on Chip comes from an US-company (Qualcomm), those are produced by TSMC in Taiwan.
Yeah, cheap microchips for microcontrollers like the Raspberry Pi Pico and SOC computers and chips for memory storage.
If there is ever a WWIII or a global economic collapse, which climate change will make increasingly likely, a lack of the basics for IT will completely collapse Europe.