Eindhoven is known as the home of Philips Electronics and is now considered the location of the world's smartest square kilometer due to its high patent density. Key companies in Eindhoven like ASML and NXP rely on deep scientific research to produce advanced semiconductor hardware, and ASML continues to help advance Moore's Law. Eindhoven has a strong presence of technical and creative talent and shares characteristics with only three other cities - Austin, Helsinki, and San Francisco - in balancing technology and design.