Dutch Government Allocates $2.7 Billion to Retain ASML and Boost Eindhoven Region

In a significant move to prevent ASML, Europe's largest tech company, from relocating, the Netherlands commits to extensive infrastructure and education investments.

• The Dutch government announces a $2.7 billion investment in the Eindhoven region, aiming to keep ASML, a leading tech firm, from moving its operations abroad.
• Funding will be used for upgrading transportation networks, and supporting technical education, vocational training, and housing projects.
• ASML, known for its advanced EUV lithography machines, is considering its growth options, with a strong preference for expanding within the Netherlands.
• The initiative, dubbed 'Operation Beethoven', seeks to ensure ASML continues to invest and maintain its headquarters in Veldhoven, Netherlands.
• ASML's decision to stay is contingent on favorable business conditions, including skilled talent availability, infrastructure, and a supportive business climate.

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