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ASML Eyes Dutch Expansion After Government Commits €2.5 Billion

(Bloomberg) -- ASML Holding NV is weighing options to expand its presence in the Netherlands, after the government committed €2.5 billion ($2.7 billion) to infrastructure and education spending in the region where the company’s headquarters are located. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyBillionaire Pinaults Fight to Pull Gucci Off the Discount Rac

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ASML takes step toward major expansion in Eindhoven, Netherlands

AMSTERDAM (Reuters) -ASML, the largest supplier of equipment to computer chip makers, is considering a major expansion in the Dutch city of Eindhoven, an important step toward resolving doubts about where it will grow its operations in the future. The company and the city of Eindhoven said on Monday they had signed a letter of intent to explore an expansion large enough to house 20,000 new employees in a relatively undeveloped area in the north of Eindhoven near the city's airport. The decision follows an announcement last month that the Dutch government would spend $2.7 billion to improve infrastructure in the Eindhoven region to prevent the company from moving operations abroad.

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ASML Eyes Dutch Expansion After Government Commits €2.5 Billion

ASML Eyes Dutch Expansion After Government Commits €2.5 Billion
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ASML Takes Step Toward Major Expansion in Eindhoven, Netherlands

ASML Takes Step Toward Major Expansion in Eindhoven, Netherlands
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ASML to stay and grow in Eindhoven area, creating up to 20,000 jobs

Chip giant ASML is set to create up to 20,000 jobs with a potential expansion in Eindhoven, marking a major win for the Dutch tech industry. ASML's expansion plans will likely involve the Brainport Industries Campus (BIC) west of the city, a significant victory for the outgoing Cabinet's backroom negotiations with the company, nicknamed "Project Beethoven."

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ASML signals intent to keep operations at home

Dutch chipmaker ASML signed a letter of intent to expand its business into the city of Eindhoven.

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Expansion plans of ASML - Eindhoven News

Business, Lifestyle, NEWS, Politics - ASML will in all likelihood remain in the Netherlands. The high-tech giant wants to expand in the northwest of Eindhoven and accommodate 20,000 another - Expansion plans of ASML

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ASML takes step toward major expansion in Eindhoven, Netherlands, ET Telecom

"As we have said before, ASML prefers to keep its core activities in the Netherlands as close as possible to the existing locations" in the neighbouring town of Veldhoven, where ASML is currently headquartered, CFO Roger Dassen said in a statement.

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ASML Eyes Dutch Expansion After Government Commits €2.5 Billion

ASML Eyes Dutch Expansion After Government Commits €2.5 Billion
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ASML takes step toward major expansion in Eindhoven, Netherlands

ASML takes step toward major expansion in Eindhoven, Netherlands
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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