Electricity is now holding back growth across the global economy

Share via:


The chip equipment maker ASML Holding NV is so crucial that a swing in its fortunes can sway the Dutch economy and the global development of artificial intelligence. Now one of the company’s biggest growth plans — building a new campus that will employ as many as 20,000 people in the country’s Eindhoven region — depends on whether or not it can get an electricity connection.

Despite the high stakes, there’s no guarantee ASML will get the electricity it needs. That’s because the company is one among 12,000 businesses in the Netherlands…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Electricity is now holding back growth across the global economy


The chip equipment maker ASML Holding NV is so crucial that a swing in its fortunes can sway the Dutch economy and the global development of artificial intelligence. Now one of the company’s biggest growth plans — building a new campus that will employ as many as 20,000 people in the country’s Eindhoven region — depends on whether or not it can get an electricity connection.

Despite the high stakes, there’s no guarantee ASML will get the electricity it needs. That’s because the company is one among 12,000 businesses in the Netherlands…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Indian cyber agency flags WhatsApp ‘hijack’

Indian cyber security agency CERT-In has flagged a...

9to5Mac Top Stories: iOS 26.3 beta, App Store changes,...

Welcome to 9to5Mac’s top stories of the week,...

Meesho Emerges Biggest Winner In A Mixed Week For...

SUMMARY Shares of 26 of the 50 new-age tech...

Popular