The head of Europe’s most valuable company has warned the EU against intervening directly in semiconductor supply chains, arguing that reducing reliance on foreign technology requires building stronger companies on the continent.
“If you don’t have your own supply chain, then how do you intervene [in the supply chain]?” Christophe Fouquet, chief executive of Dutch chip equipment maker ASML, told the FT.
Only about 1 per cent of ASML’s sales are in Europe, compared to about 80 per cent in Asia. That made ASML very “exposed”, Fouquet said, “because the natural business is being very close to your customer”.
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