ASML’s New Chief Is Stepping Into the Middle of a Trade War
- Fouquet will have to navigate between Washington and Beijing
- The 15-year ASML veteran will continue current CEO’s policies
This article is for subscribers only.
When ASML Holding NV Chief Executive Officer Peter Wennink took over a decade ago, he was leading an under-the-radar Dutch technology company where China sales were an afterthought.
The company he’s handing off is Europe’s most valuable technology business. It’s been targeted by the White House in its expanding trade war with China as the US seeks to keep ASML’s cutting-edge technology away from its geopolitical adversary.