Former ASML CEO says US-China chip fight will continue

The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that US-China disputes over computer chips are ideological and not based on facts, and they are set to continue.

Wennink left in April after a ten year term at the helm of ASML that saw it become Europe’s largest technology firm. Since 2018, the US has imposed increasing restrictions on what tools the company can export to China, its second-largest market after Taiwan, citing security concerns. Most recently the US has sought to keep the company from servicing equipment already sold to Chinese customers.