ASML currently sells no chipmaking machines in Europe, executive says
ASML is currently not selling any of its chipmaking machines in Europe, according to Frank Heemskerk, the company’s executive responsible for global public affairs.Heemskerk warned that Europe risks falling behind as the United States, China and India invest heavily in developing their domestic semiconductor industries. “We are not selling anything in Europe at all. That is because Europe is not investing, and no chip factories are being built here,” Heemskerk said.
Summary
ASML’s executive highlights a concerning trend: the company isn’t selling any chipmaking machines in Europe due to a lack of investment in local semiconductor manufacturing. Heemskerk’s comments raise alarms about Europe’s competitiveness compared to the U.S., China, and India, which are ramping up their domestic production capabilities.
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