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ASML, a major tech company, has appointed Christophe Fouquet as its new CEO amid challenges in the US-China chip war. The US government restrictions on servicing China equipment are not expected to significantly impact ASML's financials in the coming years.
The US government will prevent ASML from servicing some semiconductor manufacturing equipment sold to China firms, but the restrictions “will not have a significant effect on the 2025 to 2030 financials, because it will be a limited number,” said ASML CEO Peter Wennink, adding it…
As ASML shareholders approve Christophe Fouquet as CEO, he faces a tricky balancing act to guide ASML, Europe's largest tech firm, through the US-China chip war (@lbsterling / Reuters) https://t.co/uBVYOHSIMw 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/hEHGreMXwS
New ASML boss Fouquet must navigate US/China chip war https://t.co/gEKGNzQWHR https://t.co/3UAv4IIzLa
