ASML CEO Warns EU Against Steering State-Aid Projects, Backs Demand Push for Chips
Updated
Updated · Reuters · Jun 5
ASML CEO Warns EU Against Steering State-Aid Projects, Backs Demand Push for Chips
1 articles · Updated · Reuters · Jun 5
Summary
Christopher Fouquet said the European Commission should not steer or monitor “strategic projects” eligible for state aid, arguing those projects must be proposed by companies responding to industry needs.
ASML’s CEO said Brussels should avoid added bureaucracy and rely on private-sector expertise even as it rolls out a broader tech-sovereignty package.
The package, unveiled this week, is the centerpiece of the EU’s effort to narrow its technology gap with the United States and Asia.
Fouquet still welcomed most of the plan, especially measures aimed at boosting demand for European-made chips and local cloud services.