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Netherlands Leverages Chip Power for Global Influence
27 May
Summary
- The Netherlands aims to boost geopolitical sway via its semiconductor sector.
- ASML holds a near-monopoly on crucial advanced microchip production equipment.
- The EU is urged not to yield leadership in AI, chips, and quantum tech.
The Netherlands is strategically utilizing its prominence in the global semiconductor sector to bolster its geopolitical standing and foster new international coalitions. Prime Minister Rob Jetten emphasized that technological advancement is now a primary determinant of global power, stating that modern influence extends beyond traditional military might.
Thanks to key companies like ASML, the Netherlands occupies a unique niche within the worldwide technology supply chain. This leverage is evident in a recent strategic partnership established with India. Under this agreement, India aims to secure a 10% share of the global semiconductor market, with ASML's critical technologies expected to be instrumental in achieving this goal.
Furthermore, Jetten advocated for the European Union to maintain its leadership in burgeoning fields such as artificial intelligence, semiconductors, and quantum technologies. He expressed concern that the EU might otherwise cede this crucial ground to competitors like China and major American tech corporations.
