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

402 points · 900 comments · MC995

  1. Kim_Bruning · · focus · HN ↗
    So currently europe is exposed to russia-ukraine, us-iran, and shortly china-taiwan. This is not a great place to be in.
    1. HarHarVeryFunny · · focus · HN ↗
      European defense industry seems pretty strong
      1. PorciiVorbesc · · focus · HN ↗
        Compared to who? The US?
        1. HarHarVeryFunny · · focus · HN ↗
          If it comes down to European vs Russian manufacturing capacity for missiles and hi-tech weaponry, etc, I'd put my money on Europe. Europe also has the advantage of seeing 5 years of Russia throwing their best at Ukraine, having their air defenses repeatedly breached by Ukraine, even deep into Russia using slow low-tech drones - they know many of Russia's weaknesses.
          1. PorciiVorbesc · · focus · HN ↗
            >If it comes down to European vs Russian manufacturing capacity for missiles and hi-tech weaponry, etc

            Well duh, EU GDP is like 3000x Russian one, Italy alone is richer than Russia, so ofc EU military combined is greater than Russia.

            Russia is broke gas station with nukes, not really a benchmark for military supremacy.

            1. barrenko · · focus · HN ↗
              Sure are holding their own against the supposedly much richer Europe at this moment.
              1. wsng · · focus · HN ↗
                That is because contrary to what Russia claims, it is not a war between EU and Russia, but between Ukraine and Russia. EU support is there but still minuscule compared to what EU could do.
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