Netherlands Launches 'Operation Beethoven' to Retain ASML

The Dutch government unveils a 2.5 billion euro initiative to keep the semiconductor giant and attract global talent amidst political instability.

The Dutch government announces 'Operation Beethoven', a 2.5 billion euro plan to prevent ASML from relocating abroad due to concerns over anti-immigration policies and infrastructure issues.
Economy Minister Micky Adriaansens likens ASML to 'Messi', highlighting its pivotal role in the Dutch economy and the global semiconductor industry.
The initiative aims to improve living and working conditions in the Eindhoven region, including housing, education, and the electrical grid, to retain and attract talent.
ASML's CEO Peter Wennink warns that restrictive immigration policies and a lack of infrastructure investment could force the company to move its operations.
The plan also includes measures to ease the tax burden on businesses, amid fears of a deteriorating business climate and political instability in the Netherlands.