ASM Sees Impact From China Chip Curbs Offset by AI-Driven Demand
- Firm is blocked from shipping some advanced chip gear to China
- CEO says it’ll be hard for US and China to decouple completely
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Dutch chip gear firm ASM International NV said the impact on its sales from US semiconductor export controls on China is “not a big deal” amid strong demand for chips driven by artificial intelligence applications.
The generative AI boom of recent months, catalyzed by OpenAI‘s ChatGPT launch late last year, has made Nvidia Corp. a $1 trillion chipmaker and boosted expectations for semiconductor companies of all stripes.