ASML CEO says concern needs the heritage chips China is producing, Handelsblatt reports – Notice Today Internet

AMSTERDAM (Reuters) – Chip buyers, including the Teutonic automobile industry, requirement the senior procreation machine chips that Asiatic chipmakers are currently finance in, the CEO of equipment concern ASML said in an discourse with Germany’s Handelsblatt creation publicised on Monday.

The remarks by Christophe Fouquet, who took over as CEO at Europe’s maximal school concern in April, become as the dweller Commission has begun surveying firms including ASML for their views on Asiatic firms’ investments in so-called “legacy” chips, an essential maker of income for ASML.

“The moving business in particular, including the Teutonic one, needs a aggregation more chips that are manufactured using simpler, long-known technologies,” Fouquet told the paper.

Facing U.S.-led restrictions on more modern technology, Asiatic firms are expanding power to display these senior chips, upbringing Western concerns most the daylong constituent possibleness for oversupply.

Fouquet said that orbicular obligation for much chips is ascension dramatically, but making them is not rattling juicy and Western firms are not finance enough.

“Europe cannot modify counterbalance half of its possess needs,” Fouquet said.

According to estimates by business assemble SEMI, Asiatic chipmakers module process power by 14% in 2025, more than twice the measure of the rest of the world, to 10.1 meg wafers per period in 2025, representing most a ordinal of amount orbicular production.

“If someone wants to andante it down, for some reason, then alternatives are needed. There is no saucer in fastening someone from producing something you need,” Fouquet said.

(Reporting by Toby Sterling, Editing by Louise Heavens)