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Dutch govt plans to keep ASML in Netherlands

Friday, 29 March 2024



AMSTERDAM, Mar 28 (Reuters): The Dutch government is expected to lay out initial plans on Thursday to keep the country's largest company ASML, from moving operations outside the Netherlands over concerns ranging from anti-immigration policies to infrastructure problems.
Semiconductor equipment maker ASML, Europe's largest tech company, shocked the Dutch government into action after CEO Peter Wennink went public with complaints about policy, including ending a tax break for skilled migrants which would make it harder for the company to hire vital staff.
ASML also said the government has been failing to invest properly to improve infrastructure in the booming Eindhoven technology hub where it is based, from highways to housing to electrical grid improvements.