Trump’s isolationism can be ‘best thing that happened’ to Europe, says ex-ASML chief

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June 26, 2025, 6:00 AM

• •Peter Wennink, former CEO of ASML, believes Trump's potential reelection offers Europe a prime opportunity to boost its tech sector.
• •Wennink advocates for Europe to capitalize on US protectionism and unpredictability by fostering open ecosystems and collaboration.
• •He highlights ASML's success as a model, emphasizing the importance of partnerships and shared risks and rewards.
• •Wennink observes a shift in European investment strategies, with funds repatriating capital due to concerns about US political risks.

Peter Wennink, former CEO of ASML, sees Donald Trump's potential reelection as a golden opportunity for Europe to advance its tech sector. He urges European businesses to leverage the US's shift towards isolationism by embracing collaboration and open ecosystems, replicating ASML's successful model. Wennink notes a changing mindset among European investors, with funds increasingly repatriating capital due to concerns about US political risks and unpredictability. Ultimately, he believes that Europe's collaborative spirit positions it well to thrive in a tech landscape reshaped by Trump's policies.

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