ASML Criticizes EU's Technology Sovereignty Approach, Citing Risks of Bureaucratic Overreach
ASML, a leading supplier of advanced lithography equipment for semiconductor manufacturing, has expressed concerns over the European Commission's new technology sovereignty agenda. Christophe Fouquet, ASML's chief executive, supports the goal of strengthening Europe's technological independence but warns against the Commission's involvement in steering strategic projects eligible for state aid. Fouquet argues that such initiatives should be industry-led rather than directed from Brussels, as excessive direction could slow projects and add unnecessary bureaucracy. The Commission's technology sovereignty package, introduced on June 3, aims to reduce Europe's dependence on foreign suppliers in critical technologies, including semiconductors and AI systems. It includes legislative proposals like the Chips Act 2.0 and the Cloud and AI Development Act. The package reflects Europe's concern over its reliance on non-European providers, especially amid global competition affecting supply chains and data governance. 
