Sep. 5, 2024
U.S. Export Restrictions to China Are Now More "Economically Motivated", Says ASML CEO
TMTPOST — ASML CEO Christophe Fauvarque said that US-led restrictions on the company's exports to China, initially framed as national security measures, have increasingly become "economically motivated." Speaking at a Citibank conference in New York, Fauvarque predicted growing opposition to these restrictions and noted that existing limits are causing a slowdown in China’s advancements in chip manufacturing.
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