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

Nikhil Goyal’s Kreativemedia.io Secures Investment from SEO Pioneer Jitendra Vaswani

New Delhi [India], May 4: Kreativemedia.io, the fast-rising AI-first creative agency reshaping how modern brands…

2 hours ago

National Study Confirms Impact of ‘Shahid Smriti Van’ on PM 2.5 Levels

Surat (Gujarat) [India], May 2: Renowned environmentalist Viral Desai’s ‘Shahid Smriti Van’ has received national…

2 days ago

Mehul Purohit Leads Multiphase Digital to Double Win at IDEA Awards

New Delhi [India], May 2: India’s PR and digital branding industry, Multiphase Digital has created an ‘unprecedented’ win…

2 days ago