Reported about 1 year ago
In an interview with Handelsblatt newspaper, ASML CEO Christophe Fouquet stated that chip buyers, including the German car industry, require the older generation computer chips that Chinese chipmakers are producing, highlighting the growing global demand for such chips. As European Commission surveys firms like ASML on Chinese investments in 'legacy' chips, Fouquet emphasized the necessity of these chips for industries like automotive, while expressing concerns about Western firms not investing enough in their production. Chinese chipmakers are expected to significantly increase capacity, raising Western worries about potential oversupply, with Fouquet stressing the importance of having alternatives if the production needs to be slowed down.
Source: YAHOO