Companies in the region benefit substantially from automotive industry

Labour Party (PvdA) not happy with 428 mil for CEO NXP after takeover

Companies in the Eindhoven region are benefiting significantly from delivering supplies to the automotive industry.

It is believed that there has been a profit increase from five to ten percent. This has been reported by the Eindhoven Dagblad.

The revenue that has been attained in this region runs in the billions. A few years back, it was around 8.5 billion, and revenues only continue to grow.

Especially the German automotive industry provides a large market for companies like ASML and NXP. The latter produces chips that end up in in cars, for example, the BMW, and that number is increasing. ASML does not only have a production line to build cars, but also produces dashboards and bumpers.

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