ASML executive: No chip equipment sold in Europe due to lack of investment
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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.
Source report
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, citing a lack of investment and the absence of new chip fabrication plants in the region.
EU Chip Act Under Revision
The European Union is currently revising its Chips Act, a policy originally designed to increase Europe's share of global semiconductor production. However, the initiative has so far failed to stimulate sufficient investment in new chip factories.
Global Competition for ASML
ASML is being courted by other countries that are actively promoting the development of their domestic semiconductor industries through government funding and incentive programs.
Source
domesticNeutral / independent
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ASML reports zero chip equipment sales in Europe, warns continent falling behind