ASML reports zero chip equipment sales in Europe, warns continent falling behind
ASML, Europe's most valuable company, reported zero net system sales in Europe for Q2 2025. Executive Vice President Frank Heemskerk stated at an Amsterdam event that the company sells no chip-making equipment in Europe because the continent is not investing in new factories. The EU's 2023 Chips Act has largely failed to stimulate investment, while the US, China, and India aggressively court ASML with incentives. Heemskerk noted about a quarter of ASML's R&D is already in the US.
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ASML, Europe's most valuable company, has zero sales in Europe as EU chip policy lags
ASML, the Dutch lithography equipment maker and Europe's most valuable company with a market cap over $660 billion, has reported zero sales in Europe for the second quarter of 2025. Executive Vice President Frank Heemskerk stated at an Amsterdam event that the company sells no chip-making equipment in Europe because the continent has not invested in new chip factories. The EU's 2023 Chips Act, aimed at doubling Europe's global semiconductor market share by 2030, has largely failed to stimulate new factory investment, according to EU auditors. Meanwhile, other nations, including the US and India, are aggressively courting ASML with incentives. Heemskerk noted that about a quarter of ASML's R&D is already in the US, which is pushing for half. The company recently signed an agreement with India's Tata Electronics to help build a semiconductor plant there, with Indian Prime Minister Modi attending the signing.
Read sourceASML Reports Zero European Sales as AI-Driven Chip Boom Bypasses Continent
ASML, Europe's most valuable company and the sole maker of extreme ultraviolet (EUV) lithography machines essential for advanced chip production, reported zero system net sales in Europe for the second quarter. Executive Vice President Frank Heemskerk stated that Europe is falling behind as the US, China, and India aggressively invest in domestic semiconductor manufacturing and court ASML to expand locally. He noted that Europe lacks chip factory construction and investment, contrasting with other regions offering incentives. The EU's revised Chips Act has failed to spur significant new fab investment. Meanwhile, the global AI infrastructure boom is driving a semiconductor equipment supercycle, with ASML, Lam Research, and Applied Materials seeing strong stock gains. ASML raised its 2026 revenue guidance to 43-45 billion euros, citing AI-driven demand for advanced logic and memory chips. The article highlights the paradox of Europe hosting a critical chip equipment supplier while failing to attract corresponding manufacturing investment.
Read sourceASML Executive Says No Chip Equipment Sales in Europe, Region Risks Falling Behind
Frank Heemskerk, executive vice president of ASML, Europe's most valuable company, stated that the firm currently sells no chip-making equipment in Europe because the region has not invested in building semiconductor factories. He warned that as the United States, China, and India aggressively invest in domestic semiconductor production, Europe risks being left behind. Heemskerk emphasized the need for ASML to expand production beyond the Netherlands and called on Europe to take active steps to compete for chip manufacturing investments, noting that other countries are fiercely competing to attract ASML's expansion.
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ASML Executive Says No Sales in Europe, Warns Continent Risks Falling Behind in Chips
Frank Heemskerk, executive vice president of ASML, Europe's most valuable company, stated that the firm currently sells no chip-making equipment in Europe because the continent is not investing in or building new chip factories. He warned that Europe risks being left behind as the United States, China, and India aggressively invest in their domestic semiconductor industries. Heemskerk emphasized the need for ASML to expand production beyond the Netherlands and called on Europe to take active steps to compete for these investments, noting that other countries are fiercely competing to host ASML's expansion.
Read sourceASML Executive Says No Chip Equipment Sold in Europe Due to Lack of Investment
Frank Heemskerk, Executive Vice President of Global Public Affairs at ASML, stated that the company is currently not selling any chip manufacturing equipment in Europe because of a lack of investment and the absence of new chip factory construction on the continent. His comments come as the European Union revises its Chips Act, a policy originally designed to increase Europe's share of global semiconductor production. Heemskerk indicated the Act has so far failed to stimulate the necessary investment in new fabrication plants. Meanwhile, ASML is being actively courted by other nations that are using government funding and incentives to develop their domestic semiconductor industries, highlighting Europe's competitive disadvantage in attracting advanced chip manufacturing.
ASML, Europe's Most Valuable Company, Has Zero Sales in Europe
ASML, the Dutch semiconductor equipment maker and Europe's most valuable company with a market cap over $6600, has reported zero net system sales in Europe for the second quarter of 2025. Executive Vice President Frank Heemskerk stated at an Amsterdam event that the company sells nothing in Europe because the continent is not investing in new chip factories. This comes as the EU's 2023 Chips Act has largely failed to stimulate new semiconductor fabrication investments, with EU auditors doubting the bloc's goal of doubling global market share by 2030. Heemskerk noted intense global competition for ASML's expansion, with countries offering incentives, and revealed that about a quarter of the company's R&D is already in the US, which wants to increase that share. In May, ASML signed an agreement with India's Tata Electronics to help build a semiconductor plant there.
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