ASML’s impending departure is a major concern for the outgoing Dutch administration. Consequently, the government wants to keep the chip machine manufacturer with all its might. At least that is what the secret plan ‘Beethoven’ reveals.
Under the secret operation “Beethoven,” the outgoing administration is working out a plan to keep ASML. Several sources report this to the newspaper De Telegraaf.
Government policy scares off ASML
Additional efforts are needed after the company’s CEO indicated several months ago that ASML was not necessarily tied to the Netherlands. That happened in January during the presentation of the annual figures. Peter Wennink, CEO of ASML, said then, “Be careful what you want. We will go where we can grow.”
In this statement, he referred to the political policy surrounding labor migration. Several political parties have indicated they want to slow down labor migration, while ASML needs foreign talent to keep innovating.
Read also: ASML might soon expand to other European countries
Stock market
At the administration, this warning clearly set off alarm bells. The fear of losing ASML is driven from the stock market, where the chip machine company has been doing very well in recent years.
The administration is now looking at what issues make the Netherlands attractive to ASML. Members of the administration would have already expressed the situation is challenging.
2 days ago
