Posted on 03/09/2024 8:52:48 AM PST by yesthatjallen
SNIP
ASML declined to comment on Wednesday. However, Wennink spoke at an event in The Hague and said he was concerned the business climate in the Netherlands was worsening.
"Some of these elements that made us a great company, those elements are under pressure," he said, citing increasing regulation and a plan to scrap a tax break given to highly skilled immigrants.
POTENTIAL CURBS ON FOREIGN STUDENTS
Around 40% of ASML's 23,000 employees in the Netherlands are not Dutch. Europe's largest tech company sources parts from around the globe but currently assembles its machines in Veldhoven, Netherlands before shipping them to major computer chipmakers.
ASML dominates the market for lithography systems, used to help create the circuitry of chips. It is currently conducting one round of expansion and expects to need more in the coming years as the global demand for chips increases.
Multinationals Shell and Unilever departed the Netherlands in recent years following an unfavourable change in Dutch tax law. Another policy under consideration by parties attempting to form a right wing government following the election is to limit the number of foreign students that can attend Dutch universities - a key source of labour for the country's tech firms.
"The consequences of limiting labour migration are large, we need those people to innovate," Wennink said in January. "If we can't get those people here, we will go somewhere where we can grow."
SNIP
(Excerpt) Read more at reuters.com ...
"The consequences of limiting labour migration are large, we need those people to innovate," Wennink said in January. "If we can't get those people here, we will go somewhere where we can grow."
'Unless the "right-wing" government allows more foreign workers we will take our company elsewhere.'
Global Semiconductors - bump for later....
So move your company to Ceylon. Problem solved.
Typical.
The government destroys the country and then wonders why people aren’t staying around.
Exactly, here’s your burqa….
The Netherlands is not big enough, population-wise to be the international player they are. There was something called “Dutch Disease.” This is where one industry becomes so big it sucks up all of the available labor and all the other industries suffer. I’m guessing their real problem is letting Jihadists and non-productive people into the country who suck down public spending. I met a Dutch refugee who described Muslims intimidating natives to make them leave the free medical services so only the Muslims were getting all the free stuff. But solving that problem probably isn’t possible given the woke world we live in. So, the government is doing the things it can do, which, of course, won’t work to resolve the real problem.
Why is the technology sector in every country always singing the same tune?
“We need foreign labor.”
Foreign Labor is a lot cheaper.
Yup.
And these big corporations and our oligarchs essentially define the framework of laws and regulations within these nations.
They are the ones that donate big to political campaigns, political parties, hire lobbying firms, take legal action in defense of their interests, or outright buy off the politician.
How is it done? Hire a family member, buy art, donate to a foundation/charity, collect on huge speaking fees, have family members buy and sell stock but have inside information essentially, give a family member extremely favorable deals... Realize, what we call a MSM is really just a handful of media conglomerates which are beholden to these corporations for advertising money, or outright owned by the oligarchs. Most national politicians basically sell their influence to some degree and become very wealthy in return, even if they are socialists like Bernie Sanders. Examples: https://en.wikipedia.org/wiki/List_of_current_members_of_the_United_States_Congress_by_wealth
The (((nation))) is still the best way around which society is organized.
However, we live in a supranational era with secular and global corporations. The national politician may be elected by and represent the people of a given nation, but they are often making decisions that actually run contrary to what the best national interests are.
That big company was Philips, which was at one time a rival to GE and RCA. Philips founded ASML and was a big investor in TSMC. Through mismanagement (which is not just an American problem) and not understanding the home electronics business, Philips is now just a company selling medical devices, electric razors, and table top appliances ( like air fryers)
“Multinationals Shell and Unilever departed the Netherlands in recent years following an unfavourable change in Dutch tax law.”
as a shell stockholder i voted for this exit and then cheered when it passed a gazillion to one ... shell moved to the UK, the country that was supposed to sink in the ocean economically when it brexited the EU ...
the move was precipitated when the kommies in the netherlands voted to tax foreign shell stockholders like myself ... now the kommies get less than nothing from shell ... way to go, kommies! ... you got exactly what you deserve ...
They do to some extent, but the main reasons are the control (work for us or you’ll get deported) and the somewhat lower salaries they can get to pay.
The Congress might insist that the imported workers get paid by the hour and set minimum technical hourly wages for imported labor. A panel of natural born citizens with technical degrees might make recommendations to Congress.
BSEE hourly minimum wage: $35 + area HUD 3BR fair market rent/160 + $4 per year of experience up to 10 + $2 per additional year for any of the next 10
Another possibility is visa issue juries. Howdy native born software engineers, I’m here for Microsoft Human Resources and I’m here to present Sam Asian for your visa approval. Sam, state your case:
I studied at the Indian Institute of Technology. My coursework included...
It must be bad if ASML is considering building a plant in France because of labor laws. The Dutch execs probably don’t want to move to India.
ASML has a huge presence in Singapore - it would be a trivial exercise to switch their headquarters to SE Asia, where the future growth is.
You have a very nice factory here in Pakistan.
Thank you. Labour is so much cheaper here than in northern England where I learned to make textiles for a British company.
“The national politician”
Xi, our intellectual property is being stolen....
China is a big country. I worry much more about Chinese stealing Chinese property.
Brian Griffin,
Thanks for your response on post #11
Also, your creative thinking on a variety of issues on Free Republic is appreciated by this poster.(Food for Thought)
False threat. Either they outsource or lose to their competitors. Lather, rinse, repeat.
Has it gotten bad enough for U-2 to abandon their Dutch tax dodge?
And this drives down wages.
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