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

402 points · 900 comments · MC995

  1. HPsquared · · focus · HN ↗
    Semiconductor fabs involve a lot of hazardous chemicals, process changes and high energy consumption. Exactly the kind of thing European regulations tend to deter or slow down. Which is somewhat fine if there is nowhere else to build it, but if other places are easier, well...
    1. l5870uoo9y · · focus · HN ↗
      > high energy consumption

      Just to address this separately: there is effectively energy rationing in several European countries, where the government intervenes to prioritize who should receive energy first (e.g., the Netherlands and Denmark).

      1. radicalbyte · · focus · HN ↗
        AFAIK the problem in NL is due to chronic underinvestment in the grid infrastructure since the big privatisation wave. Combined with the heavy subsidy of industry causing the issues.

        Solvable but we need to be much smarter and redirect the fossil subsidies to reducing risk for grid-scale batteries and adding more grid capacity.

        1. rapnie · · focus · HN ↗
          I wonder. Had any privatisation in NL any net benefits for the population? Not talking shareholder revenues.
          1. radicalbyte · · focus · HN ↗
            There's a possibility that the postal and telecoms systems did but I can't give you a counter. For everything else it has not been particularly effective; but a lot depends on what is privatised and how it's actually ran.

            Water. Energy. Public transport (which is partially privatised). Healthcare has been a disaster.

            Same thing for the UK but the results there were much much worse, especially the water (Brexit made it 10x worse). It was driven by the actions of the Unions in the 1970s (where they were taking the mickey) but of course went way way way too far. What was needed was to tweak the system such that the unions couldn't blackmail the Labour governments. Not to break it all up and sell it off for pennies on the dollar.

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