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So ASML has more or less a monopoly in the "chipmaking tools" (to quote the article) market. Good for them! But I fail to see how one successful European compan
by rob74 3y ago
So ASML has more or less a monopoly in the "chipmaking tools" (to quote the article) market. Good for them! But I fail to see how one successful European company (which has been successful for decades BTW) is an "answer to Silicon Valley"?!
- 3D30497420 3y agoThe article covers this. Basically, ASML is better understood as a network of companies working together to create these tools with (if I recall) somewhere around 100k total employees. So the article isn't talking about one single company. Now, I probably wouldn't call a network of companies for a fairly specific set of tasks an "answer to Silicon Valley", but that is the thrust of the article. I think it is more of a rejoinder against the argument that Europe cannot "do tech".