Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
Frank Heemskerk, executive vice president of global public affairs at Dutch semiconductor giant ASML, recently criticized the European Union for its perceived inaccessibility to European companies. Speaking at Politico’s Competitive Europe summit in Brussels, Heemskerk highlighted the challenges of engaging with top EU policymakers, drawing comparisons to the ease of access in other major global economies.
EU Accessibility Criticized
Heemskerk conveyed that securing meetings with high-ranking EU officials, such as Commission President Ursula von der Leyen, is “not always easy.” He referenced a previous ASML executive’s observation, noting it was “easier to get a meeting in the White House with a senior official than to get a meeting with a commissioner,” according to the Politico report.
This sentiment underscores a growing concern among some major European corporations regarding perceived bureaucratic hurdles in connecting with the bloc’s leadership. The difficulty in direct engagement could potentially impact investment strategies and policy alignment within the EU.
Engagement with Global Leaders
The ASML executive’s comments followed his revelation that ASML’s chief executive, Christophe Fouquet, had a two-hour meeting with Indian Prime Minister Narendra Modi. Heemskerk recounted Modi’s direct approach, stating, “After an hour and a half of listening, he [Modi] said you’re too friendly, tell me what we can do better.”
Heemskerk suggested that European policymakers could learn from such engagement. He emphasized that “political leaders should sit down with the companies that are investing money,” stressing the importance of direct dialogue to foster economic growth and industrial development within the Union.
ASML’s European Collaborations
Despite the criticism regarding EU accessibility, Heemskerk also discussed ASML’s recent €1.3 billion deal with French Artificial Intelligence company Mistral. This collaboration is seen as a significant boost for Europe’s ambition to enhance its technological sovereignty.
Heemskerk clarified that the partnership was primarily driven by Mistral’s focus on “industrial AI,” rather than geopolitical considerations. He added that the shared European identity of the companies facilitated mutual understanding and collaboration.
The backdrop to these discussions includes India’s broader efforts to become a global hub for electronics manufacturing and design, supported by the India Semiconductor Mission. This program, with an outlay of €76,000 crore, aims to attract investments in semiconductor fabrication and display manufacturing, highlighting the global competition for advanced technology industries.
Outlook for EU Industrial Engagement
The ASML executive’s candid remarks underscore a critical discussion point for the European Union: the effectiveness of its engagement with key industrial players. As the EU strives for technological sovereignty and economic competitiveness, ensuring accessible and proactive dialogue with companies investing in crucial sectors like semiconductors and AI may prove increasingly vital.