According to ASML CEO Peter Wennink, his company has “given up enough already” due to all the international pressure on chip manufacturing. Wennink makes the statement in NRC, in response to tougher US rules against China. According to Paul Verhagen, an expert in the field of high-tech competition at the Center for Strategic Studies in The Hague, the statement makes sense. “They’re more or less undermined by geopolitics.”
Verhagen thus underlines the enormous innovative strength of ASML. ‘They spent twenty years working on a solution to a problem that no one else could solve. Now they are more or less undermined by geopolitics». The Netherlands backs tougher US rules on the chip industry against China. This is problematic for ASML, because it is the market leader in lithography.
‘ASML has already sent. We are no longer allowed to supply EUVs to China. And the EUV represents half of our turnover,’ says Wennink. The consequences can therefore be significant, according to the CEO. Among other things, he states that 15% of ASML’s turnover comes from China.
‘not strange’
However, Verhagen thinks Wennink may have little influence over the rules. “If the United States decides something is going to happen, it just happens. It’s a superpower and we’re super addicted to it.’ It also stands to reason that the US introduced these rules against China, Verhagen says. It is an autocratic country with human rights violations, while the United States is a natural ally for Europe. So it’s not so strange.’
Source: BNR
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
