{"id":16524,"date":"2025-06-26T06:00:19","date_gmt":"2025-06-26T06:00:19","guid":{"rendered":"http:\/\/TheNextWeb=1414193"},"modified":"2025-06-26T06:00:19","modified_gmt":"2025-06-26T06:00:19","slug":"trumps-isolationism-can-be-best-thing-that-happened-to-europe-says-ex-asml-chief","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=16524","title":{"rendered":"Trump\u2019s isolationism can be \u2018best thing that happened\u2019 to Europe, says ex-ASML chief"},"content":{"rendered":"\n
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ASML\u2019s former CEO believes Donald Trump\u2019s reelection presents a golden opportunity for Europe.<\/p>\n

Peter Wennink, who led ASML to become the continent\u2019s most valuable tech company, sees a chance for other businesses to thrive by embracing collaboration as the US shifts toward isolationism.<\/p>\n

\u201cMr Trump could be the best thing that ever happened to Europe\u2026 I think people have woken up,\u201d Wennink said at TNW Conference<\/a> on Friday.<\/p>\n

He now wants the continent to seize the moment by replicating a pillar of ASML\u2019s success: open ecosystems.<\/p>\n

During over a decade as CEO, Wennink oversaw the company\u2019s rise to a \u20ac250bn market cap after its stock soared by 1,000%. The firm\u2019s dominance is built on its EUV lithography machines, which are essential to producing the world\u2019s most advanced chips. No other business in the world provides them.<\/p>\n

Yet Wennink stresses that the tech requires trusted partners to flourish. As the US turns inward, he wants European governments and companies to double down on collaboration. Spooked by Trump\u2019s trade wars and retreat from transatlantic ties, many are already moving in that direction.<\/p>\n

\u201c[They] are certainly thinking about single-sided dependencies as unacceptable because of the unpredictability of Mr T,\u201d Wennink said.<\/p>\n

The change in mindset, he adds, is overdue. Wennink recently described the Netherlands as \u201cfat, dumb, and happy.\u201d But the complacency is now fading.<\/p>\n

He points to shifting strategies among local investors. Amid growing political concerns about the US, many European funds are repatriating their capital.<\/p>\n

APG, which manages the Netherlands\u2019 largest pension scheme, recently said<\/a> the bulk of a forecasted \u20ac100bn in new capital would be spent in Europe. Just last month, the \u20ac57bn pension fund flagged<\/a> policy risks under Trump as a key reason to reassess its US investments.<\/p>\n

Wennink has heard these concerns firsthand. \u201cThe big question they now ask me is, how much of the money should come back?\u201d he said.<\/p>\n

\u201cI\u2019m 50 years in business and have never heard pension funds \u2014 but also government officials \u2014 saying this,\u201d he added.<\/p>\n

The challenge now, Wennink warns, is reorganising these investments \u2014 a process that will take years. In the meantime, US tech giants will continue to advance. Can Europe<\/a> catch up?<\/p>\n

Young Sohn, a board member at Arm and founding managing partner at Walden Catalyst Ventures, believes it can. He points to ASML and Arm emerging from Europe to become two of the world\u2019s biggest hardware companies.<\/p>\n

How did they do it? \u201cIt was about ecosystems,\u201d Sohn said.<\/p>\n

UK-based Arm is a prime example. The firm\u2019s chip designs now power over 99% of smartphones, billions of devices, and countless AI applications.<\/p>\n

But when Arm launched in the early 1990s, it was a small upstart in a field dominated by the likes of Intel, Motorola, and Texas Instruments. Sohn argued the company succeeded by focusing on collaboration.<\/p>\n

\u201cThey decided to be a peacemaker,\u201d he said. \u201cThey decided to give their IP to pretty much everybody around the world so that everybody doesn\u2019t have to recreate these processing architectures that are needed for lower power\u2026 This is a company that built an ecosystem of startup companies.\u201d<\/p>\n

Wennink attributes ASML\u2019s success to partnerships as well. The company\u2019s ecosystem of suppliers, universities, research institutes, innovation programmes, tech firms, and customers shaped its direction from the start. ASML actively sought input from all of them.<\/p>\n

\u201cWhen something\u2019s very complex, you don\u2019t know what you don\u2019t know \u2014 but somebody else might,\u201d he said.<\/p>\n

That model, he argues, is ideal for Europe \u2014 especially as Trump reshapes the US tech landscape.<\/p>\n

\u201cI strongly believe that there is a European mentality\u2026 that there\u2019s an intrinsic desire to collaborate,\u201d Wennink said. \u201cAnd the main condition for collaboration is that you have a fair share of the risks and rewards that you\u2019re driving through together. And that is a European trait.\u201d<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

ASML\u2019s former CEO believes Donald Trump\u2019s reelection presents a golden opportunity for Europe. Peter Wennink, who led ASML to become the continent\u2019s most valuable tech company, sees a chance for other businesses…<\/p>\n","protected":false},"author":1,"featured_media":16525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/16524"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16524"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/16524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/16525"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}