Economy
ASML Currently Selling No Chip Machines in Europe
Frank Heemskerk, ASML’s executive for global public affairs, stated that the company is not selling any chip machines in Europe because there are no investments or new chip factories being built on the continent. While the US, China, and India invest heavily in their semiconductor industries, ASML warns that Europe risks falling behind. The Veldhoven-based manufacturer is the sole producer of advanced lithography equipment essential for creating the newest chips used by customers like TSMC and Samsung. ASML and Brussels are currently seeking ways to strengthen Europe's tech sector competitiveness, make supply chains more robust, and increase chip demand.
Ozetta summarises; the reporting is the newsroom's