Dutch minister confident ‘crown jewel' chip firm ASML will stay in Netherlands after threat to leave

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Dutch Finance Minister Steven van Weyenberg told CNBC’s Karen Tso he is “very optimistic about ASML’s future and that it will be within the…

In January, ASML hinted that it could look to move in response to controversial Dutch plans to scale back tax breaks for high-skilled migrants and limit the number of foreigners who can attend Dutch universities.

His comments followed controversial plans by the Dutch to scale back tax breaks for highly skilled migrants and limit the number of foreigners who can attend Dutch universities. "I think many people, many countries would love to welcome ASML, but I think they're strongly embedded in the Netherlands," Van Weyenberg told CNBC Thursday.

"There is a considerable gap between the concerns of industry, and what we think is necessary, and what politicians think," ASML CEO Peter Wennink told reporters after a meeting with the Dutch government in March, according to Reuters. If ASML can't grow in the Netherlands"it can do so elsewhere", he reportedly said.

Source: News Formal (newsformal.com)

 

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