ASML Holding, a Dutch company, finds itself navigating the complex terrain of US-China relations in the semiconductor industry. Chief executive Christophe Fouquet acknowledges the pressure from the US to restrict technology exports to China. ASML’s dilemma lies in balancing its allegiance to the US while catering to the demands of its largest market in China.
Despite Washington’s efforts to curb China’s semiconductor advancements, Fouquet highlights that much of ASML’s business with China involves older technology that poses less of a national security risk. The company’s monopoly on lithography machines crucial for producing advanced chips for tech giants like Apple and Nvidia gives it a unique position in the industry.
The ongoing tension between the US and China has put ASML in a challenging position, but Fouquet remains optimistic about finding a balance that serves both its allies and market demands.