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Christophe Fouquet, the CEO of Dutch semiconductor giant ASML, along with his predecessor Peter Wennink, have expressed strong objections to U.S. limitations on ASML’s chip-making equipment exports to China.
In a recent interview, Fouquet emphasized that the automotive industry relies heavily on critical chips predominantly manufactured in China. He argued that further export restrictions would damage Western interests and urged governments to seek alternative solutions instead of imposing these limitations.
Fouquet pointed out the urgent need for a large quantity of chips in the automotive sector, particularly those produced using established, simpler technologies primarily supplied by China. He also highlighted the lack of investment in chip factories in the West, noting that Europe is currently unable to meet even half of its own semiconductor needs, making it illogical to halt production of essential components.
Peter Wennink, critiqued the restrictions, suggesting they are ideologically driven rather than based on factual analysis. He emphasized ASML’s deep-rooted relationships with Chinese partners, customers, and stakeholders, which have been integral to the company’s success for over three decades.
Wennink also voiced concerns about the long-term impact of geopolitical tensions on the semiconductor industry, warning that it could take decades for the ideological motivations behind these restrictions to be resolved. He expressed a pessimistic view of the ongoing “chip war,” suggesting that the situation is unlikely to improve quickly.
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