AMSTERDAM, March 6 (Reuters) - The Dutch government has
launched a campaign to ensure that the country's largest
company, semiconductor equipment maker ASML, does not
move operations to another country due to anti-immigration
policies, newspaper De Telegraaf reported on Wednesday.
The paper said the ministries involved had dubbed the
effort "Operation Beethoven," citing unnamed sources. A
spokeswoman for the Economic Affairs Ministry said it could not
discuss policies toward specific companies.
The report follows comments made by ASML CEO Peter Wennink
in January when he warned that his company is highly reliant on
skilled foreign labour after anti-immigration parties booked big
gains in 2023 elections.
ASML declined to comment on Wednesday.
Multinationals Shell and Unilever departed the Netherlands
in recent years following an unfavourable change in Dutch tax
law.
A move to end a tax break for highly skilled immigrants is
being rolled out under the current government, while moves to
make it more difficult for foreigners to study at Dutch
universities are under consideration.
"The consequences of limiting labour migration are large, we
need those people to innovate," Wennink said in January. "If we
can't get those people here, we will go somewhere where we can
grow."
Around 40% of ASML's 23,000 employees in the Netherlands are
not Dutch. Europe's largest tech company sources parts from
around the globe but currently assembles its machines in
Veldhoven, Netherlands before shipping them to major computer
chipmakers.
Though it would be difficult for the company to move its
headquarters, De Telegraaf mentioned France as a possible
destination for a company expansion.
Chipmakers across the globe are pouring billions of dollars
in investment to set up new plants, encouraged by the rising use
of semiconductors in everyday devices and generous subsidies
from the United States and the EU aimed at keeping the West
ahead of China in the race for cutting-edge technology.