A top executive from Dutch semiconductor powerhouse ASML has sharp words for the European Union, calling it tough for companies like his to reach key leaders there. In stark contrast, he praised India’s Prime Minister Narendra Modi for being super approachable to businesses eyeing investments in the country.
Speaking to Politico journalists, ASML’s Executive Vice President of Global Public Affairs, Frank Heemskerk, admitted that getting face time with top EU figures—like Commission President Ursula von der Leyen—isn’t straightforward. “It’s not always easy,” he said.
Heemskerk highlighted a recent two-hour meeting between ASML’s CEO, Christophe Fouquet, and PM Modi. For the first 90 minutes, Modi listened intently to the company’s ideas. Then, he jumped in: “You’re too friendly—tell me what we can do better.” Heemskerk stressed that political leaders need to roll up their sleeves and chat directly with companies pouring money into their economies.
ASML, the world’s only maker of extreme ultraviolet (EUV) lithography machines, sees huge potential in India. These high-tech machines are vital for crafting advanced microchips that power everything from artificial intelligence and electric vehicles to cutting-edge digital gadgets. With global trade tensions brewing, ASML wants to team up with Indian chipmakers, sharing its expertise to boost local production of top-notch, energy-efficient semiconductors.
India’s booming tech scene, skilled engineers, and strong government push through the India Semiconductor Mission make it an attractive spot. ASML aims to help new Indian fabs—short for semiconductor fabrication plants—ramp up to compete globally, all while spreading out its own business risks beyond strained markets like China.
The company made waves at SEMICON India 2025, a major event where it networked with local players to scout partnerships and growth opportunities. As a key supplier to giants like TSMC and Samsung, ASML is smartly diversifying amid export curbs and trade spats.
On the ground, India’s semiconductor drive is accelerating. Officials have greenlit 10 new plants under the mission, and construction is moving fast. A pilot production line is already humming in Sanand, Gujarat, with four more expected to start within a year. Global heavyweights like Applied Materials, Lam Research, Merck, and Linde are jumping in to build supporting factories and supply chains.
IT and Electronics Minister Ashwini Vaishnaw summed it up: This ecosystem strategy shows PM Modi’s commitment to building a thriving semiconductor industry in India for the long haul.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
