ASML CEO knows the whole world depends on her

The European Union has announced the inauguration of a new research center dedicated to the development and manufacturing of semiconductors. The project, called NanoIC, wants to become one of the fundamental pillars of the European Chips Act program.

2.5 billion euros on the table. The total budget is 2.5 billion euros, of which 700 million come from EU funds. Another 700 million will come from regional and national governments, and the rest will put ASML on the table and other industrial partners.

What is Imec. In reality the project is an expansion of the Imec facilities at its headquarters in Leuven, near Brussels. This body does not manufacture commercial chips, but is the “laboratory” in which rival companies such as Intel, Samsung or TSMC collaborate to define the chips of the future.

clean rooms. This is a new clean room (“cleanroom“) of 2,000 square meters which will among other things house ASML’s new next-generation High NA EUV scanner which is expected to arrive in mid-March. The total area of ​​Imec’s clean rooms amounts to 12,000 square meters and the company claims that this makes it a central part of the Chips Act strategy. Imec will soon build another 4,000 square meter clean room on the aforementioned Leuven campus.

Everyone loves ASML. ASML CEO Christophe Fouquet highlighted the leading role that your company has managed to achieve thanks to its semiconductor manufacturing machines, the only ones in the world capable of producing the most advanced chips today. As he said, these are the machines “that everyone would like to have.”

China sighs (for now). He is right: today the US is a key trade ally but does not have comparable technology of its own, and China has been trying to develop extreme ultraviolet machines for some time. but for now he is still behind in that race. Obviously Europe depends on the US and China in many other areas, but ASML is certainly a clear technological asset for European interests.

Inverse dependency. The vice president of the European Commission, Henna Virkkunen, indicated in a interview with Politico that “it is true that we have some of the key technologies, such as ASML, that everyone is dependent on globally.” He explained, of course, that the EU has no plans to turn that into a weapon for potential negotiations, “but it is important to realize that we have those strengths that others do not have.”

Changing the story. These statements undoubtedly seek to counteract the idea that Europe depends totally on American technology, demonstrating that the old continent also has its own levers to negotiate.

Digital sovereignty. The EU is expected to prepare a second Chips Act which should be presented at the end of March and which would clearly differ from the first. Instead of an emergency response to a project that will turn Europe into a competitive region at a technological level.

But. The initiative is striking, but it also has important challenges. We are looking at a research center and that means that its size and budget cannot be compared with those investments in data centers made by large US technology companies. But in addition to that parameter there is another even more relevant one: that of talent. Europe must train and attract enough engineers to operate these centers and develop that work there and not in companies or centers that compete in other regions, including of course the US and China.

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