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IndiaTimes of India ·

ASML sells zero machines in Europe amid lack of chip factory investment

ASML, Europe's largest chipmaking equipment company, is currently making no sales within Europe, according to executive Frank Heemskerk. He attributed this to a complete absence of new chip factory construction and insufficient investment across the continent. Meanwhile, the European Union's Chips Act is struggling to meet its 2030 target of doubling Europe's share of the global chip market. Countries including the US, China, and India are actively competing to attract ASML's business. Senior ASML executives have also cautioned Brussels about the risks of heavy AI regulation and the need to protect Europe's technological sovereignty.