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CEO of Europe’s biggest tech company to EU: Don’t intervene when you don't have your own
The CEO of Europe’s most valuable tech company, ASML, has delivered a blunt reality check to European Union (EU) policymakers. Christophe Fouquet, the chief executive of Dutch chip equipment giant ASML, questioned the EU’s aggressive stance on technology independence, warning Brussels against interfering in global semiconductor supply chains when the continent lacks the infrastructure to back it up. “If you don’t have your own supply chain, then how do you intervene [in the supply chain]?”
ASML CEO says EU Commission should not try to direct 'strategic projects'
ASML CEO says EU Commission should not try to direct 'strategic projects' AMSTERDAM, June 5 : The CEO of top European tech firm ASML on Friday welcomed most proposals made by the EU Commission this week to improve Europe's tech sovereignty but cautioned against plans for its involvement in steering or monitoring "strategic projects" eligible for state aid. Such projects "fundamentally need to respond to the needs of industry" and are better off left to firms to propose, Christopher Fouquet...
ASML to Cut Fewer Jobs Than Planned After Union Negotiations
The ASML Holding NV headquarters in Veldhoven, Netherlands, on Thursday, Oct. 17, 2024. ASML Chief Executive Officer Christophe Fouquet said he expects the chip market’s long-awaited recovery will extend “well into 2025,” following disappointing third-quarter earnings that sparked a broad selloff across the semiconductor industry.
ASML chief warns EU against directing chip supplies
Industry needs ‘champions’, not intervention, says Christophe Fouquet, head of Europe’s biggest listed company
France unveils 33 ‘palaces’ for 2026 as six new hotels join elite list
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