Reported about 1 month ago
ASML's CEO, Christophe Fouquet, stated that the US campaign to restrict exports to China, initially justified by national security concerns, is increasingly economically motivated. Speaking at a conference, he expressed that while the push for restrictions may continue, there will be growing resistance against these measures. He emphasized the need for business stability and indicated that advancements in Chinese chipmaking are becoming constrained due to existing restrictions, even as demand for AI chips remains strong.
Source: YAHOO