ASML CEO warns EU Commission against directing strategic tech projects
By
CNA
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Summary
ASML CEO Peter Wennink welcomed most EU Commission proposals to improve Europe's tech sovereignty but cautioned against the Commission's plans to directly steer or monitor "strategic projects" eligible for state aid. He argued that such projects should be fundamentally driven by industry, not by political directives, warning that bureaucratic involvement could slow down innovation and competitiveness in the European tech sector.
Key quotes
· 2 pulledThe CEO of top European tech firm ASML on Friday welcomed most proposals made by the EU Commission this week to improve Europe's tech sovereignty but cautioned against plans for its involvement in steering or monitoring 'strategic projects' eligible for state aid.
Such projects 'fundamental'
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