Dutch Invest €2.5 Billion in Eindhoven to Keep ASML at Home
- Funds will be spent on transport, education and housing
- Government looks for ways to keep ASML’s expansion at home
ASML headquarters and factory in Veldhoven, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
The Dutch government will spend €2.5 billion ($2.7 billion) on infrastructure and education projects in the Eindhoven region after the tech giant ASML Holding NV threatened to expand abroad.
The funds will be spent on upgrading the area’s road, bus and train network, for education of technical workers as well as vocational training, and for housing projects, according to a statement emailed by the government on Thursday.