ASML CEO says EU Commission should not try to direct 'strategic projects' - Reuters
ASML CEO says EU Commission should not try to direct 'strategic projects' Reuters
The increased geopolitical competition over critical technologies like semiconductors, combined with Europe's industrial policy ambitions, makes the role of the EU Commission in 'strategic projects' a current flashpoint.
This statement by a key semiconductor industry leader highlights the tension between top-down governmental direction and private sector innovation in strategically vital sectors, impacting the future of European tech sovereignty.
Clarity is gained on the industry's preferred approach to strategic industrial policy within the EU, suggesting a potential divergence from heavier-handed governmental intervention in deep tech initiatives.
- · ASML
- · European semiconductor industry
- · Private sector R&D
- · EU Commission direct interventionists
- · Fragmented national strategic efforts
The EU may recalibrate its approach to strategic technology projects, emphasizing more industry-led initiatives or a more consultative role for the Commission.
This could lead to a more efficient allocation of resources and faster innovation cycles within the European tech sector, particularly in semiconductors, by reducing bureaucratic overhead.
Long-term, a more cohesive, industry-driven European tech strategy could strengthen the continent's position in global technology supply chains against US and Asian competitors.
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Read at Reuters — Technology (Google News)