Dutch minister confident ‘crown jewel' chip firm ASML will stay in Netherlands after threat to leave [CNBC]
Unilever PLC (UL)
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Source: CNBC
Steven van Weyenberg, the Netherlands' finance minister, told CNBC's Karen Tso on Thursday that he isn't worried by ASML's statements threatening to leave the country. The company has since walked back the comments. In a January call with investors, ASML CEO Peter Wennink said: “The consequences of limiting labor migration are large, we need those people to innovate. If we can't get those people here, we will go somewhere where we can grow.” His comments followed controversial plans by the Dutch to scale back tax breaks for highly skilled migrants and limit the number of foreigners who can attend Dutch universities. ASML is core to the world's semiconductor supply chain. The company makes extreme ultraviolet lithography (EUV) machines, which are critical to the semiconductor industry for manufacturing integrated circuits. EUV machines generate an incredibly short wavelength of light in large quantities to print small, complex designs on microchips. The EUV light is created wi
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