ASML (ASML) is not making sales of chipmaking machines in Europe due to a dearth of investment and chip factory construction in the region, Bloomberg reported Tuesday, citing Executive Vice President Frank Heemskerk.
"We're not selling anything at all in Europe," Heemskerk said at an event in Amsterdam late Monday, according to the report. "That's because Europe isn't investing and because no chip factories are being built there."
Heemskerk warned that the region could fall behind the US, China, and India, which he said are making major investments to develop their domestic semiconductor industries.
"We need to scale up our production," Heemskerk said. "We aren't doing that solely in the Netherlands. There is a fierce competitive battle to get us to do it somewhere else. What's important for ASML is that Europe steps up to the plate."
ASML didn't immediately respond to a request for comment from.
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