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Chips: Why the head of ASML calls for an end to sanctions

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Published: July 9th, 2024,
Last updated: August 10th, 2024

ASML CEO Christoph Fouquet (right) with his predecessor Peter Wennink at the high-tech group’s annual General Meeting in April.

The CEO of Dutch chip manufacturer ASML has called for an end to the sanctions against China. In an interview with the German business newspaper Handelsblatt, Christophe Fouquet said that China produces chips that are urgently needed in the West. „It makes no sense to stop someone from producing something that you need.“ With Russian gas, it has been understood that alternatives have to be found first, but apparently not with chips, he said. ASML is a leading manufacturer of the technology used to produce the world’s most advanced semiconductors.

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