The Dutch government has committed €2.5 billion ($2.7 billion) to enhance infrastructure, education, and housing in the Eindhoven region, where ASML is based, to support the company's growth and address its concerns about expanding outside the Netherlands, Bloomberg reports. Micky Adriaansens, the Dutch economic affairs minister, confirmed the figure to journalists, Reuters reports.
The whole project is reportedly called Project Beethoven, and it is expected to take several years, according to media reports. The government's decision to invest in the region follows ASML's hints at considering expansion abroad due to the Dutch business climate, which includes labor migration regulations that restrict foreign talent and issues with tax discounts for emigrants.
