1. A new boss for ASML
At the end of April, ASML got a new leader. Christophe Fouquet stepped into the shoes of two top men at ASML: Peter Wennink (CEO) and Martin van den Brink (CTO). The Frenchman faces a difficult task: successfully guiding the high-tech company through a geopolitical jungle.
Fouquet applied to ASML in 2008 and has been intensively groomed as chief business officer since 2022 to succeed Wennink and Van den Brink. They stepped down in April after twenty years of leading the company.
2. Eindhoven tech promise EFFECT Photonics receives million-dollar injection
With a Series D investment of $38 million (€35 million), EFFECT Photonics is taking a big step in the photonics industry. The Eindhoven-based company announced this last month. The company provides products based on integrated photonics on chips. It will use the funding to scale up production further to meet the bandwidth demand and faster data transmission.
Scaling up is a well-known hurdle for startups, especially in deep tech. Nard Sintenie, co-founder Innovation Industries: “You have to value young deeptech companies based on their technology, not on their revenue and profit. So that requires knowledge about the technology and the industry. To build these companies you have to take a long breath, but ultimately they are of enormous added value to the Netherlands and Europe, the whole ecosystem benefits from that.”
3. One step closer to scalable quantum computing
QuiX Quantum, based in Enschede, has made a major breakthrough in quantum technology. They have successfully created on-chip Greenberger-Horne-Zeilinger (GHZ) states, essential for information retention in photonic quantum computers. This advance brings us one step closer to powerful quantum computers that can rapidly process data thanks to the use of light as flying qubits. The next goal is to produce these GHZ states on a large scale, which could significantly increase the potential of quantum computers. QuiX Quantum is leading worldwide in developing practical and powerful quantum computers.
4. Project Chopin
Gelderland is on edge. The province, which has annual revenues of €3 billion thanks to its chip industry, fears the departure of crucial tech companies. The chip sector in this province is demanding hundreds of millions to preserve and strengthen the industry. Project Chopin’s initiative should improve the business climate and attract talent from home and abroad. The region thus follows the example of Eindhoven (project Beethoven), in which billions were previously invested.
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