ASML Exec: No Chipmaking Equipment Sold in Europe as EU Lags

The absence of ASML equipment sales in Europe is a striking indicator that the EU's Chips Act has not translated into actual fab construction, not merely a lag in announcements. The beneficiaries are non-EU governments offering funding and incentives, which are pulling semiconductor investment away from the bloc. Whether the revised Chips Act changes that calculus, or whether Europe's role settles at research and design rather than fabrication, is the open question.