ASML Shrugs Off China Chip Curbs With Demand Strong Elsewhere
- CEO says drive for ‘technological sovereignty’ will spur sales
- ASML has projected revenue of as much as €40 billion by 2025
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ASML Holding NV, awash in demand as countries race to build chip plants to prevent future supply issues, sees little impact from possible geopolitical disruptions in the Chinese semiconductor market.
In the unlikely event that “China would absolutely be excluded from any growth,” there’s still enough demand elsewhere, Chief Executive Officer Peter Wennink said Friday during the chip-equipment manufacturer’s Investor Day presentation. “There could be a temporary hiccup but ultimately, those chips need to be made.”