Categories: Tech & Auto

ASML CEO says Dutch-China tension has not hit chip-gear maker

AMSTERDAM (Reuters) -ASML's CEO said the Dutch chip-gear maker has not been affected by tensions between The Netherlands and China over the Dutch government's takeover of chipmaker Nexperia. "It will not affect our business in the short term", ASML CEO Christophe Fouquet said in a Dutch television interview, adding he believes the worst of the crisis is over. A standoff between Nexperia's European business and itsChinese plant, triggered by the Dutch seizure of the company over concerns about technology transfer, has snarled supply of its chips, which are crucial for the global automotive market. "What is key on this topic is to talk before you escalate and maybe this time it went the other way around," Fouquet said. A Dutch delegation is expected to travel to China next week for further talks. (Reporting by Charlotte Van Campenhout and Toby Sterling; Editing by Alexander Smith)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

IIM Calcutta invites applications for the sixth batch of the Executive Programme in Healthcare Management

12-month live online programme to strengthen strategic, operational & digital leadership capabilities for healthcare professionals, hospital administrators,…

8 minutes ago

Aarambh 2026: Parul University Welcomes Future Lawyers to a New Legal Era

Vadodara (Gujarat) [India], August 13: Marking the beginning of the legal journey for the newly…

19 minutes ago

What teachers don't like about 'The Odyssey' makes it great for class

Many professors who teach students about Ancient Greek literature saw "The Odyssey" and left the…

1 hour ago

From Industrial Outskirts to Metropolitan Hub: The Rise of Bahadurgarh

New Delhi [India], August 13: Bahadurgarh, which was earlier sort of seen as an industrial…

1 hour ago