If you are getting a wafer fabbed for 5k, you are either on very old technology node, or you are talking about bulk pricing. You cannot get single wafers made for 5k on a modern node.
You are quite correct; but trying to start on the latest process seems like trying to bite off too much at once. Even old process nodes are sufficient to show a viable option going forward. And the design can be improved and moved to more advanced processes nodes.
And to think that Philips was involved in founding both ASML and TSMC but then divested from those companies instead of securing a European stake in the microchip business. We really do live in the stupidest timeline. 🙄
And Siemens sold their semiconductor division (now Infineon) which could've been a european powerhouse if properly supported - we really missed multiple chances to have a strong european semiconductor ecosystem, now were playing catchup with billions in subsidies insted.
Bull used to have one of the (maybe the) best CPU design teams on the planet. But as it was mostly government controlled, and the people there were mostly "meh, computers, that's geek stuff, who needs that shit anyway, let's go have lunch instead", it died/was sold and everyone went elsewhere. Now there's nothing left. Same story, more or less for all of Europe's industries ("let's do services, that's the future!"). Bunch of idiots.
This will happen after widespread adoption of Wero and Linux.
Before or after Linux phones?