The Netherlands** has set up a task force to stop ASML, Europe's most valuable tech company, from expanding outside the Netherlands. ASML is the only company in the world capable of producing state-of-the-art lithography machines, which is of great importance to the Dutch economy and strategy. However, ASML is unhappy with the business environment in the Netherlands and says it is considering developing in other countries. Fearing that the loss of such a tech giant would cause serious damage to its national interests, the Netherlands urgently introduced a series of retention measures, including optimizing the tax system, improving infrastructure, and easing immigration policies, in order to retain ASML.
ASML is a national treasure in the Netherlands and one of the largest companies in Europe by market capitalization, with a market capitalization of 365 billion euros. ASML's main product is a lithography machine, a critical device used to make semiconductor chips. ASML has 85% of the global lithography machine market share and is a major supplier for chipmakers such as Apple, Samsung, and Intel. ASML is also the only company in the world capable of producing extreme ultraviolet lithography (EUV) lithography machines, which enable smaller, faster, and more energy-efficient chips to be the future of the semiconductor industry. ASML's technological advantages make it a key player in the chip competition between China and the United States, and it also makes it a pillar of the Netherlands' economy and a strategic resource.
However, ASML is unhappy with the business environment in the Netherlands and says it is considering developing in other countries. According to the Dutch newspaper The Telegraph, ASML has made a series of demands to the Netherlands**, including improving the tax system, increasing investment in research and development, solving the problem of overloading the power grid, relaxing restrictions on carbon emissions, and attracting more foreign employees. ASML also said that if the Netherlands** could not meet its requirements, it would have the potential to expand or relocate elsewhere, with France being one of the options. Peter Wennink, the CEO of ASML, said in January: "The consequences of restricting labor migration are enormous, and we need these people to innovate." If we can't find these people here, we go to other places where we can develop. ”
Fearing that the loss of ASML would cause serious damage to its national interests, the Netherlands** urgently introduced a series of retention measures to retain ASML. According to the Dutch newspaper The Telegraph, the Netherlands** recently set up a task force to stop ASML's expansion outside the Netherlands. The working group is led by Prime Minister Mark Rutte and includes a number of senior officials, including the Minister of Economy, the Minister of Finance, and the Minister. The working group will seek to address ASML's concerns about a number of issues, including optimizing the tax system, improving infrastructure, and easing immigration policies to improve the business environment and competitiveness in the Netherlands. Dutch Economy Minister Micky Adriaansens said she had met with Wennink to discuss ASML's needs and expectations.
The Dutch** attempt to stop ASML from pivoting to overseas expansion has sparked international concern and commentary. Some ** and experts believe that this incident reflects the deterioration and lag of the business environment in the Netherlands, as well as the lack of attention and support for the technology industry in the Netherlands**. The Netherlands has lost two of its biggest companies in recent years, with consumer goods giant Unilever and oil giant Shell moving their headquarters to the UK because the Dutch tax system is not friendly to multinational companies. In addition, the political winds in the Netherlands are also uncertain, with the far-right populist Geert Wilders' Freedom Party (PVV), which won the most seats in last year's **, advocating restrictions on immigration, opposition to the European Union, opposition to Islam, etc., policies that could affect the international image and cooperation of the Netherlands. On the other hand, some ** and experts believe that this incident also reflects the strength and importance of ASML, as well as the dependence and concern of the Netherlands ** on ASML.
ASML is a national treasure in the Netherlands and one of the largest companies in Europe by market capitalization, and its technological advantages have made it a core position in the global semiconductor industry, making it a key factor in the chip competition between China and the United States. If ASML left the Netherlands, it would cause immeasurable economic and strategic damage to the Netherlands, so the Netherlands** did not hesitate to introduce emergency measures to retain ASML.
Information Reference**:
1: The Netherlands** try to stop ASML from pivoting overseas - Caijing - Times News
2: Report: ASML's planned expansion abroad worries the Netherlands** - Wall Street News
3: Lithography machine giant ASML is rumored to be "leaving" the Netherlands, and the Netherlands urgently set up a "retention team" Tencent News
4: Lithography machine giant ASML is rumored to be "leaving" the Netherlands, and the Netherlands ** urgently set up a "retention team" - Observer.com
Hotspot Engine Program