Firms including chip equipment maker ASML set up fund for Eindhoven development

Reuters12-18 23:47

AMSTERDAM, Dec 18 (Reuters) - A group of Dutch technology firms including computer chip equipment maker ASML ASML.AS said on Wednesday they will contribute around $230 million to developing infrastructure in the Eindhoven area of the Netherlands.

The move is tied to "Operation Beethoven", a plan announced in March by the Dutch government to spend 2.5 billion euros ($2.7 billion) to improve housing, transportation, education and electricity in the region, one of Europe's fastest-growing technology hubs.

(Reporting by Toby Sterling; Editing by Jan Harvey)

((toby.sterling@thomsonreuters.com;))

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