An executive at ASML Holding NV, the company with the highest market capitalization in Europe, said that the company did not sell any chip manufacturing equipment in mainland Europe, and warned that as the US and India invest heavily in developing the local semiconductor industry, Europe faces the risk of being left behind. Frank Himsk, ASML's executive vice president for global public affairs, said at an event in Amsterdam on Monday night: “We have no sales at all in Europe. This is because Europe is not investing and is not building chip factories there.”

An executive at ASML Holding NV, the company with the highest market capitalization in Europe, said that the company did not sell any chip manufacturing equipment in mainland Europe, and warned that as the US and India invest heavily in developing the local semiconductor industry, Europe faces the risk of being left behind. Frank Himsk, ASML's executive vice president for global public affairs, said at an event in Amsterdam on Monday night: “We have no sales at all in Europe. This is because Europe is not investing and is not building chip factories there.”