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

402 points · 900 comments · MC995

ramshanker · 1790428677 · 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 · 1790431375 · 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. malshe · 1790438907 · focus · HN ↗
    > a little behind China on the same trajectory
    In my opinion, India is around 30 years behind China. This is unlikely to change for several reasons. However, the primary reason is that no Indian government ever had a manufacturing policy that comes close to China's. The service economy is strong but employs a tiny percentage of the population.
    Most of Indian government spending is on welfare followed by endemic corruption. It leaves very little money for nation building.
    Scoundreller · 1790471053 · focus · HN ↗
    For whatever reason, India had quite a lead on pharma manufacturing and still runs carries its own pretty well

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