ASML CEO says Dutch–China Tension has not Hit Chip-gear Maker

ASML's CEO said the Dutch chip-gear maker has not been affected by tensions between the Netherlands and China over the Dutch government's takeover of chipmaker Nexperia, Charlotte Van Campenhout and Toby Sterling reported for Reuters.

A standoff between Nexperia's European business and its Chinese plant has snarled the supply of its chips. (Photo: ASML Facebook)

"It will not affect our business in the short term," ASML CEO Christophe Fouquet said in a Dutch television interview, adding he believes the worst of the crisis is over.

A standoff between Nexperia's European business and its Chinese plant, triggered by the Dutch seizure of the company over concerns about technology transfer, has snarled the supply of its chips, which are crucial for the global automotive market.

"What is key on this topic is to talk before you escalate, and maybe this time it went the other way around," Fouquet said. A Dutch delegation is expected to travel to China next week for further talks.