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Dutch $1.2 Billion Chip Initiative Aims at Creating New ASML

  • Netherlands invests in photonic-technology companies
  • Photonics can be used in chips for a range of applications
Employees stand in a corridor at the ASML Holding NV factory in Veldhoven, Netherlands in 2014.
Employees stand in a corridor at the ASML Holding NV factory in Veldhoven, Netherlands in 2014.

Photographer: Jasper Juinen/Bloomberg

The Netherlands wants to build a new national chip champion akin to ASML Holding NV with an investment of 1.1 billion euros ($1.2 billion) in next-generation photonic technology.

The technology involves communicating information via light instead of electronic signals and can be used in chips, which have become highly sought after due to a combination of supply issues and growing demand worldwide. The European Commission has designated photonics as one of six “key enabling technologies.”