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Market Chatter: ASML Mulling Expansion in Netherlands
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Market Chatter: ASML Mulling Expansion in Netherlands
Apr 22, 2024 8:40 AM

11:01 AM EDT, 04/22/2024 (MT Newswires) -- ASML Holding ( ASML ) is considering expanding its presence in the Netherlands after the country's government has pledged to invest 2.5 billion euros ($2.7 billion) in infrastructure and education facilities in the region that houses ASML's ( ASML ) headquarters, Bloomberg reported Monday.

ASML ( ASML ) has signed a letter of intent with the Eindhoven region to explore the project, the report said, adding the Dutch government had set up a task force to keep the company in the country after media reports said it was considering expansion projects abroad.

A final decision is linked to ironing out some "crucial points," Bloomberg quoted ASML ( ASML ) spokeswoman Monique Mols as saying.

ASML ( ASML ) didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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