The Dutch government, in response to growing concerns about the country’s business climate, has established a task force to prevent ASML Holding NV, Europe’s most valuable technology company, from expanding outside the Netherlands.
ASML has expressed worries about its ability to operate successfully in the country, citing issues such as attracting expatriate workers, grid congestion, and nitrogen emissions. The government has assured regular communication with companies to address the interests of Dutch society, the economy, and employment.
The task force was formed following ASML’s presentation of concerns to the outgoing cabinet, which included potential expansion abroad. Recent years have seen the Netherlands lose major companies like Unilever Plc and Shell Plc due to tax regime issues.
There is growing concern that ASML may seek expansion overseas following the political landscape shift in parliamentary elections. Proposed changes to immigration policies and tax incentives have drawn criticism from companies like ASML, who emphasize the need for international talent.
ASML’s outgoing CEO expressed the company’s global outlook and willingness to adapt to ensure growth and customer service. The company’s upcoming leadership transition and potential expansion to France are under discussion with Dutch officials.
Challenges with the business climate in the Netherlands, such as grid congestion and emission restrictions, have raised concerns among companies. Efforts to address these issues are ongoing, with a focus on maintaining a competitive environment for businesses.
ASML is also addressing the housing shortage in Veldhoven by partnering to develop affordable apartments. These initiatives aim to support the company’s growth while mitigating impacts on the local housing market.
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