U.S.-China Chip Fight Will Continue: Ex-ASML CEO

The recently retired CEO of semiconductor equipment maker ASML stated in an interview with Dutch radio station BNR that US-China disputes over computer chips are ideological rather than fact-based and are likely to continue, Toby Sterling reported for Reuters.

The US has imposed increasing restrictions on ASML's exports to China since 2018, citing security concerns.

Wennink, who left ASML in April after a 10-year term, noted that the US has imposed increasing restrictions on ASML's exports to China since 2018, citing security concerns.

The most recent US action aimed to prevent ASML from servicing equipment already sold to Chinese customers.

"These discussions are not based on facts or data but on ideology," Wennink said. He emphasized the need to balance stakeholder interests and expressed concern over ideological interference in business operations. He highlighted ASML's long-standing presence in China, noting the company's obligations to its customers and staff there.