CEO of Europe’s biggest tech company ASML bluntly tells EU: Why should you even intervene, when you don’t even have your own

The CEO of Europe’s most valuable tech company, ASML, has delivered a blunt reality check to European Union (EU) policymakers. Christophe Fouquet, the chief executive of Dutch chip equipment giant ASML, questioned the EU’s aggressive stance on technology independence, warning Brussels against interfering in global semiconductor supply chains when the continent lacks the infrastructure to back it up.

“If you don’t have your own supply chain, then how do you intervene [in the supply chain]?” Fouquet told the Financial Times, adding, “People say: ‘let’s buy European first.’ I think it’s great, but you have got to have something to buy from.”