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ASML says it sold 'absolutely nothing' in Europe in 2026

402 points · 900 comments · MC995

  1. ramshanker · · focus · HN ↗
    Happy to hear India got mentioned by the same executive during that conversation. We are just started buying from them. I went to Semicon India 2026, held in delhi last week. The energy was amazing. Really pleasant. all big names including ASML.
    1. roenxi · · focus · HN ↗
      It's is heartening looking at a country like India and thinking that it only seems to be a little behind China on the same trajectory. The little flashes of news as they start settling in to more interesting and high tech industries. Whatever good or evil comes out of their growing geopolitical power at least that is another billion people with a clear enough path to wealth and prosperity.
      1. soulofmischief · · focus · HN ↗

        [dead]

        1. brookst · · focus · HN ↗
          Is it evenly distributed in China or the US?
          1. soulofmischief · · focus · HN ↗
            [delayed]
            1. brookst · · focus · HN ↗
              Yes. You implied that the caste system was somehow unique to India. Reality is that every country has its own way of sorting wealth to the most favored.
              1. soulofmischief · · focus · HN ↗
                [delayed]
        2. kryogen1c · · focus · HN ↗
          I think you mean all systems by design do not distribute wealth and prosperity evenly. Thats actually not a thing.
          1. soulofmischief · · focus · HN ↗
            [delayed]
        3. irishcoffee · · focus · HN ↗
          I don’t understand why people replying to you are defending a caste system like it’s an ok thing. This site blows my mind sometimes.
          1. anon291 · · focus · HN ↗
            I'm from what would have been considered a low caste in India. The moment people mention India, people bring up the caste system as if it's the cause of every issue there or as if other countries don't have similar problems. Unequal wealth distributions are common. While it makes sense for Indian nationals to want their government to do better than other countries and eliminate social inequality (a feat no other country has ever accomplished), outside observers comparing ought to benchmark countries against one another fairly. All countries have social inequality. If India were to eliminate social inequality it would become superior to most countries on the planet. That seems to me a utopian dream, but I understand why someone living there might want that.

            For the rest of us, I think we need to be reasonable in our assessments, especially when the other country under discussion is China.

          2. blackoil · · focus · HN ↗
            Toxic Nationalism.
          3. soulofmischief · · focus · HN ↗
            What's funny is how many of them jumped to compare India to the US or China... two very corrupt nations each with their own wealth distribution problems... as if that has any bearing at all on India and its caste system. "Hey, I beat my wife, but so does my neighbor! At least I do it with style!"

            All I see is cultural and national biases coming out. I simply did not comment on China's own economic and democratic issues, but everyone assumed I either was ignorant or am playing favorites.

        4. roenxi · · focus · HN ↗
          I remember when China was poor and everyone was talking about how their communal society guarenteed poverty. Then they started getting wealthy and the story became their communal society was what allowed them to be wealthy. The US is similarly either propelled by or crippled by their individualism depending on whether they've had a good year or not. India will no doubt be similar.

          IMO the evidence suggests it is mostly tax policy and whether people are allowed to start and run businesses. Culture is important insofar as it affects those areas of policy. Getting wealthy is literally as simple as being able to create new wealth and keep it, plus lots of time. People don't choose to stay poor unless someone with a gun forces them to be poor.

          1. soulofmischief · · focus · HN ↗
            - China has nothing to do with India's cast system, so this is a straw man that attempts to replace the argument with something you're more ready to defend; however, I was talking about India and it's caste system, not China. China also has extreme issues and their people live under oppression, just like in India and the US.

            - As another commenter has noted, modern China is Communist only in name.

            - Your analysis of how simple creating new wealth is, or how people only stay poor when a "gun forces them to" makes it painfully obvious that you and I grew up in different wealth classes. It's not that simple to acquire wealth, and poverty is a massive feedback loop. Wealth compounds, and so does poverty. This is the nature of capitalism.

        5. Aromasin · · focus · HN ↗
          You could say the same of the aristocracy of Europe over the last few hundred years, but that has effedtively crumbled. There's remnants of "old money" families that were upper-class, but for the most part the merchant class took control of the system that held them down. It took many generations, but the blue blooded dynasties are a dying breed.

          Arguably India has the class system tied to the prevailing religion, but religion too has faded with modernity. Systems have a habit of breaking under strain and time.

        6. mitxela · · focus · HN ↗
          Isn't every country like that?
        7. anon291 · · focus · HN ↗
          I am a critic of Indias caste system but China has a state sanctioned caste system while the caste system is condensed by the Indian state and the state takes explicit (many think it over does it) steps to try to mitigate the effects of the caste system

          China on the other hand defined your government benefits and the jobs you may get based on where you were born. People born rurally have to fake documents to work illegally in cities.

          India has a ton of problems, but china is much worse when it comes to human rights. It's not even right to compare the two countries. India is a flawed somewhat liberal democracy (especially for the region of the world, India is a shining beacon on a hill surrounded by repressive regimes), while China is essentially a dictatorship

        8. rayiner · · focus · HN ↗
          China has a legal caste system in the form of birthplace registration and limits on internal migration.
          1. throw28273r · · focus · HN ↗
            People can still move and apply for residency in different provinces. Those from rural provinces also get more perks and handouts from the government.

            Does India's caste system work like that? Can a lower caste person apply to be in a higher caste?

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