Dutch Government Launches 'Operation Beethoven' to Retain ASML Amid Expansion Concerns

In response to ASML's potential expansion outside the Netherlands, the Dutch government has initiated a task force to address the company's concerns about the local business climate and skilled labor availability.

• ASML, Europe's most valuable tech company, is considering expanding operations outside the Netherlands due to challenges in the local business environment.
• The Dutch government's 'Operation Beethoven' task force aims to address ASML's concerns, including issues related to skilled worker supply, environmental regulations, and electricity supplies.
• ASML's CEO has expressed the need for a conducive environment for growth in the Netherlands, highlighting the importance of attracting skilled foreign labor.
• Recent policy changes and political shifts in the Netherlands, including restrictions on immigration and the end of tax breaks for highly skilled foreign employees, have raised concerns among tech companies.
• ASML's potential relocation or expansion abroad underscores the strategic importance of the company in the global tech industry and the Dutch economy.

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