Former ASML CEO Predicts Prolonged US-China 'Chip War'

Peter Wennink argues the conflict is ideologically driven and could persist for decades, impacting global semiconductor dynamics.

ASML's former CEO Peter Wennink believes the US-China chip conflict is based on ideology rather than facts.
Wennink predicts the semiconductor trade dispute could last for decades, complicating business for companies like ASML.
ASML has been significantly affected by US export restrictions, limiting its ability to sell and service advanced chipmaking equipment in China.
Current ASML CEO Christophe Fouquet highlights the importance of China's mature chip production despite the technological gap with the US.
Fouquet asserts that global demand for legacy chips remains high, stressing the need for balanced international trade policies.