{"id":618007,"date":"2024-04-23T18:09:34","date_gmt":"2024-04-23T15:09:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chip-giant-asml-plans-eindhoven-expansion-in-big-win-for-dutch-tech\/"},"modified":"2024-04-23T18:09:34","modified_gmt":"2024-04-23T15:09:34","slug":"chip-giant-asml-plans-eindhoven-expansion-in-big-win-for-dutch-tech","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chip-giant-asml-plans-eindhoven-expansion-in-big-win-for-dutch-tech\/","title":{"rendered":"#Chip giant ASML plans Eindhoven expansion in big win for Dutch tech"},"content":{"rendered":"
\n In a major win for the Dutch tech industry, chip giant ASML intends to remain and further expand in the Netherlands.<\/p>\n

The chip machine manufacturer has signed a non-binding letter of intent with the City Council of Eindhoven, eyeing a potential expansion at the Brainport Industries Campus (BIC), west of the city.<\/p>\n

Located at Eindhoven\u2019s Brainport region \u2014 a major tech and innovation hub in Europe \u2014 BIC is dedicated to the high-tech manufacturing industry. For ASML, BIC represents an \u201cinteresting option,\u201d Roger Dassen, the company\u2019s CFO, said<\/a> in a statement. That\u2019s because of the campus\u2019 close proximity\u00a0to Veldhoven, where the company is based.<\/p>\n

The preliminary agreement seems to be allaying fears over ASML\u2019s rumoured relocation abroad. While the company has never confirmed or denied such a move was on the cards, it did raise concerns about talent attraction challenges and the overall business climate in the Netherlands.<\/p>\n

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\u201cUltimately, we can only grow this company if there are enough qualified people,\u201d Peter Wennink, ASML\u2019s CEO, told RTL<\/a> in January.<\/p>\n

\u201cWe prefer to do that here, but if we cannot get those people here, we will get those people in Eastern Europe or in Asia or in the United States.\u201d<\/p>\n

A potential relocation would have a major impact on the Dutch tech sector and economy. ASML isn\u2019t simply a world-leading supplier of chip-making equipment. It\u2019s also the world\u2019s sole manufacturer of extreme ultraviolet (EUV<\/a>) lithography machines \u2014 which are needed for the most advanced chips.<\/p>\n

In addition, the chip machine-maker is one of the biggest employers and most profitable businesses in the Netherlands, reaching a \u20ac27.6bn<\/a> turnover in 2023.<\/p>\n

In an attempt to keep its tech crown jewel at home, the Dutch government launched \u201cOperation Beethoven\u201d last month. The \u20ac2.5bn initiative aims to improve infrastructure, housing, technical education, and talent attraction \u2014 epsecially in the Eindhoven region.<\/p>\n

All of the above are key aspects for accommodating ASML\u2019s expansion.<\/code><\/p>\n

\u201cDecisions about future locations of our company must be supported by favorable conditions, such as the availability of talent, infrastructure, housing and by a strong investment climate in general<\/a>,\u201d Roger Dassen, the company\u2019s CFO, said<\/a> in a statement.<\/p>\n

\u201cThe recently announced government measures contribute to this.\u201d<\/p>\n

However, the deal isn\u2019t set in stone just yet. Discussions will continue and a final decision from both parties is expected in June.<\/p>\n

If the plan moves forward, ASML could double its existing workforce in the Netherlands, which now stands at app<\/a>roximately 20,000 people.<\/p>\n

Micky Andriaanses, Minister of Economic Affairs and Climate, characterised the agreement as \u201cgood news<\/a>.\u201d \u201c[It] confirms confidence in our business climate in the Netherlands and underlines the government\u2019s support for the chip sector,\u201d the minister said on X<\/a>.\n <\/div>\n