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.
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)