In January, ASML hinted at relocation due to Dutch proposals to reduce tax incentives and limit foreign student enrollment. These proposals sparked ASML’s consideration of moving. ASML rejected the notion of entirely departing the Netherlands but remains discontent with its economic development strategies.
Dutch Finance Minister Steven van Weyenberg told CNBC’s Karen Tso he is “very optimistic about ASML’s future and that it will be within the Netherlands.”
A senior Dutch government official expressed confidence in ASML’s commitment to staying in the Netherlands. This assurance comes despite the company’s relocation threats.
In a January call with investors, ASML CEO Peter Wennink said: “The consequences of limiting labor migration are large, we need those people to innovate. If we can’t get those people here, we will go somewhere where we can grow.”
EUV machines generate an incredibly short wavelength of light in large quantities to print small, complex designs on microchips. ASML generates EUV light through rapid molten tin explosions. This light is then reflected by ASML’s ultra-flat mirrors.
“I think many people, many countries would love to welcome ASML, but I think they’re strongly embedded in the Netherlands,” Van Weyenberg told CNBC Thursday.
Transitioning to the third paragraph, the decision of Crown Jewel ASML to stay in the Netherlands offers temporary relief; however, it also highlights the necessity for proactive measures. The Dutch government’s engagement with ASML and efforts to resolve its concerns demonstrate a commitment to fostering an innovation-friendly environment.
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