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ASML Exec: Europe Risks Falling Behind in Chip Race
22 Sep
Summary
- ASML reports no chip machine sales within Europe currently.
- US, China, and India are heavily investing in domestic semiconductor sectors.
- Europe risks falling behind due to insufficient investment.
A top executive from ASML Holding NV, which holds the distinction of being Europe's most valuable company, has issued a stark warning regarding the continent's position in the global semiconductor industry.
According to the executive, ASML is presently not engaged in selling any of its advanced chipmaking machinery within Europe. This situation arises at a time when major global players, including the United States, China, and India, are channeling substantial investments into the development of their own domestic semiconductor manufacturing capabilities.
The executive highlighted that this lack of European investment and sales activity puts the continent at risk of falling significantly behind in this critical technological sector. The ongoing investments by other nations underscore a growing global competition for semiconductor dominance, leaving Europe facing potential obsolescence if current trends continue.
