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ASML, a major tech company, has appointed Christophe Fouquet as its new CEO amid challenges in the US-China chip war. The US government restrictions on servicing China equipment are not expected to significantly impact ASML's financials in the coming years.
The US government will prevent ASML from servicing some semiconductor manufacturing equipment sold to China firms, but the restrictions “will not have a significant effect on the 2025 to 2030 financials, because it will be a limited number,” said ASML CEO Peter Wennink, adding it…
As ASML shareholders approve Christophe Fouquet as CEO, he faces a tricky balancing act to guide ASML, Europe's largest tech firm, through the US-China chip war (@lbsterling / Reuters) https://t.co/uBVYOHSIMw 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/hEHGreMXwS
New ASML boss Fouquet must navigate US/China chip war https://t.co/gEKGNzQWHR https://t.co/3UAv4IIzLa
An important shift in ASML’s $ASML sales by end market in just one year: In Q1 2023, Taiwan and South Korea combined for 75% of net systems sales, while China and EMEA were just 9%. In Q1 2024, China and EMEA combined for 69% while Taiwan and South Korea were 25%. $AMAT $LRCX… https://t.co/HLtwIjPsQK
⚠️ ANALYSIS-NEW ASML BOSS FOUQUET MUST NAVIGATE US/CHINA CHIP WAR Full Story → https://t.co/33oUWfH4vZ ASML's new boss Christophe Fouquet faces a tricky balancing act in helping to steer Europe's biggest tech company through the US/China "chip war", while maintaining the… https://t.co/qTm1ar7fmE
ASML CEO says US restricts servicing some China equipment, won't hurt earnings - Reuters https://t.co/wWKJQzchJf via @YahooFinance
ASML CEO says US restricts servicing some China equipment, won't hurt earnings https://t.co/SdnwyXYkEP https://t.co/qwGOPJ8Wkd
⚠️ ASML APPROVES CHRISTOPHE FOUQUET AS CEO AT ANNUAL MEETING Full Story → https://t.co/O5p50C66J4 ASML has approved the appointment of Christophe Fouquet as the company's new CEO. https://t.co/SH646ylTw4
The new CEO of ASML will have to navigate the complex relationship that has put the company’s Chinese exports in the crosshairs of both the Biden and Trump administrations https://t.co/UYqNqo9tSn