ASML reports no chip equipment sales in Europe, calls for increased semiconductor investment

Europe's most valuable company, ASML (ASML.US) Executive Vice President Frank Heemskerk stated that the company is currently not selling any chip manufacturing equipment in Europe. As the United States, China, and India invest heavily in developing their domestic semiconductor industries, Europe may risk falling behind. He said: "We are not selling any products in Europe at all. This is because there has been no investment in Europe, and no chip factories are being built there." He added: "We need to scale up production and not just do this in the Netherlands. Countries are competing fiercely, striving for us to expand elsewhere. For ASML, it's important that Europe also takes active steps."