ASML CEO Warns Against EU's Centralized Control in Technology Sovereignty Push
ASML's CEO Christophe Fouquet has expressed concerns over the European Commission's approach to its technology sovereignty agenda. While supporting the overall goal of strengthening Europe's technological independence, Fouquet cautioned against the Commission's involvement in steering strategic projects eligible for state aid. ASML, a leading supplier of advanced lithography equipment, plays a crucial role in semiconductor manufacturing. The Commission's technology sovereignty package, introduced on June 3, aims to reduce Europe's reliance on foreign suppliers for critical technologies, including semiconductors and AI systems. Fouquet's comments highlight a tension between the need for strategic direction and the risk of bureaucratic control slowing down projects.