AGP Executive Report
Last update: 10 hours agoChip Demand: Almere-based ASM International raised its 2027 revenue target by about 24%, to more than €5.7 billion, as AI-driven demand lifts orders for semiconductor equipment. It also announced a share buyback of up to €300 million. Public-Sector Overhaul: The Netherlands plans to cut 25,000 civil-service jobs over the next decade, using AI to help save €3.5 billion a year by 2035; police and defence are exempt. Industry Jobs: Damen will eliminate about 225 Dutch jobs over 12 to 18 months, citing competitive pressures and changing markets. Trade and Investment: India’s commerce minister held talks with Dutch officials and business leaders on trade, investment and logistics, including opportunities in semiconductors, energy and supply chains. ASML’s Economic Weight: ING estimates the chipmaker will directly account for 1.6% of Dutch economic output in 2026, rising to 2.2% when domestic suppliers and investment are included.
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