The ASML Holding NV headquarters in Veldhoven, Netherlands.

The ASML Holding NV headquarters in Veldhoven, Netherlands.

Photographer: Peter Boer/Bloomberg
New Energy

Electricity Is Now Holding Back Growth Across the Global Economy

The increase in grid stress leads to a decline in capital outlay, according to new research.

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.