171–180 of 318 posts
Earlier quoted context omitted.
They cannot, ASML tech is licensed from a US government (DOE) owned company - EUV LLC under full congressional oversight. The EUV light source is made in the US because they had to buy a US company for that too.
How does controlling one component give them control over the whole machine?
Earlier quoted context omitted.
Go for it. They're cutting edge and a good employer too.
Throwaway because this is a touchy subject, but if you've worked/contracted/supplied for ASML the consensus is pretty much: cutting edge on the hardware end of things, hopelessly behind in the software department. So great if you're a physics PhD, but if you're going in there as a software engineer thinking you'll be working with the latest and greatest, you'll be in for a shock. Not to mention that it's a huge ship…
Yes, good point, but: because they're behind there is a ton of work to be done. This is where a good chunk of that employment comes from to begin with. Meanwhile their process is cutting edge, they pretty much define the market and that gives working for them opportunities hard to match with other employers in NL.
Earlier quoted context omitted.
How exactly does that benefit the country outside driving up the cost of living for locals (which can't afford rents, houses or other services), since they actually have to pay taxes and are outbid by foreigners which don't really contribute that much to the tax base or have any intention of staying beyond the time in which they extract maximum wealth?
The people that hire expats are usually Dutch. Ask them why they hire expats, why they even make booths on other countries and do cold-calls (emails, linkedin) to convince them to go to NL. They're the ones with the answer of where the benefits are going to.
Earlier quoted context omitted.
I'm not sure if I understand your question correctly, but if you mean the pay compared to US tech companies active in NL then I would say it depends very much on your specialization. Engineer: 40k and up, team lead: 70k and up, project manager: 90k and up. I don't have much data on other roles but the 'and up' is the big factor, depends on seniority and specific skills. What really strikes me is that an extremely hig…
I meant not just US comps but Spotify/Booking/etc... Was asking because was reading some comments in the past that the pay is not that competitive
Earlier quoted context omitted.
As a local I support this. Simply because having more smart people eventually benefits Dutch society and the long term is far more important than the short term. Usually this argument is based in some for of jealousy, but consider: an expat gives up their current life to chance it all on another, has stupendously high private costs if they want to keep up with their family and has to start all over again from scratch…
Another supportive argument (especially for Europe, maybe not US) is that those knowledge workers have spent a considerable time, money, and effort to acquire that talent/skill-set, and unlike your own citizen your country spent *zero* euro paying for that . Most European countries have heavy tax but very protective social services, including free education and universal healthcare, which only works because there's a…
Yeah, it should be tied to your job. If you work for a local tech company in a highly-skilled position requiring a lot of education and experience, then you get a big tax break. If you're just some rich person living off of investments, or you're a digital nomad working for a US company remotely, then forget it.
Earlier quoted context omitted.
The opposite is what really happened. ASMLs EUV wouldn't have happened without strategically acquiring US entities.
Is the tech ASML has to get US export approval for coming from, or containing, tech from those acquisitions? Because if so, having to ask for US government approval is actually pretty standard.
Earlier quoted context omitted.
Having a foreigner stay in the long term could be worse, economically. Five years of taxation on highly-paid individuals - who are presumably producing far more than their salary to the companies paying them - is essentially free money for the country. You did not spend tax money on their education so far and are reaping all the benefits. Now, if they stay permanently, you will have to pay their pensions and healthca…
> You did not spend tax money on their education so far and are reaping all the benefits That is one possibility. Another is that the foreigner may have got the job instead of it going to a local. It's also possible that as a result of that the local may be unemployed and hence costing the country money.
The birth rate is falling and well below replacement level already, and talent shortages are well-known to be a problem. It's too late to worry about protecting the jobs of locals.
Earlier quoted context omitted.
Nah, I don't see Europe producing their own silicon valley - EU has over-regulated and a fragmented market. Too many regulations lead to less enterprises, while fragmentation (Germany, France, etc. with their own regulations + language barriers) prevents companies from growing big in their home soil. Anecdotally, I feel like Sweden produces more startups that grow large worldwide. I presume, they have less regulation…
There is an easy way to (statistically) double the amount of successful startups in Europe by almost any metric: include Israel in the count.
Earlier quoted context omitted.
How does controlling one component give them control over the whole machine?
It happens to be a very important component, that's how.
Earlier quoted context omitted.
Nah, I don't see Europe producing their own silicon valley - EU has over-regulated and a fragmented market. Too many regulations lead to less enterprises, while fragmentation (Germany, France, etc. with their own regulations + language barriers) prevents companies from growing big in their home soil. Anecdotally, I feel like Sweden produces more startups that grow large worldwide. I presume, they have less regulation…
> I presume, they have less regulations in place Why would you presume that? Working back from wrong assumptions and biases is never a good idea.