Eindhoven is a small city with strong technological capabilities. Eindhoven exists because of Philips, and Philips handed over its intellectual property rights to TSMC, spun off the lithography department to form ASML, and spun off the semiconductor department to become NXP. What kind of alchemy does Eindhoven use to create such a great semiconductor industry cluster? Interviewee in this issue: FabrizioDelMaffeo, CEO and co-founder of AxeleraAI.