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

'House of the Dragon' season three welcomes you back to Westeros

Dragons, war and more dragons: "House of the Dragon" really lives up to its title,…

3 hours ago

Atlas Capital Highlights Growing Gap Between Value Creation and Market Recognition in India’s Capital Markets

As institutional ownership deepens, investor confidence is becoming an increasingly important driver of valuation, ownership…

7 hours ago