Increasing US and Dutch sanctions against Chinese chip manufacturers only contributed to the growth of ASML’s revenue from the sale of equipment supplied to China – at the end of last year, the share of this geographic area in the company’s revenue structure grew from 14 to 29%. At the same time, Chinese analysts have their own thoughts about the rumors currently being discussed about ASML’s intentions to expand its presence in France due to problems in the Netherlands, as reported South China Morning Post.
Image source: ASML
It is quite natural that Chinese experts seized on this situation to comment in the spirit of the “disastrous sanctions policy of the Netherlands,” which forces ASML to look for a new country for business development in Europe. However, more sober-minded analysts explain that within Europe, export control policies will not differ significantly from country to country, and from the point of view of anti-Chinese sanctions for ASML, moving to France will not solve the problem.
Representatives of ASML, on condition of anonymity, explained to SCMP that from the point of view of infrastructure for doing business, it would be more profitable for the company to transfer part of its capacity to Germany rather than to France. However, after the scheduled resignation of ASML CEO Peter Wennink in April, Frenchman Christophe Fouquet will take his place, and he is unlikely to be more favorable to expansion in Germany – especially since it would cost the company more than moving to France.
More objective analysts explain that the reason for ASML’s current problems are changes in Dutch immigration legislation, which limit the influx of foreigners into the company’s enterprises. At the same time, ASML’s workforce is now 40% staffed from other countries, and given the need for new recruitment, political changes in the Netherlands create certain barriers for ASML’s business.
2024-03-17 04:33:00
#ASML #convenient #migrate #Germany #France
