ASML CEO Wennink’s Exit Leaves US-China Semiconductor Fight to Successor
- Wennink retires as his company faces more export restrictions
- ASML shares surged 1,300% during a decade under Wennink
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When Chief Executive Officer Peter Wennink took over ASML Holding NV a little more than a decade ago, it was a relative minnow based in the sleepy Dutch town of Veldhoven.
On Wednesday, he retires from the helm of Europe’s most valuable technology company. Wennink, 66, transformed ASML into the only source of machinery needed to make the world’s most advanced chips, which has landed the company in the middle of the geopolitical struggle between the US and China.