ASML CEO Optimistic about Strong Demand from China


Summary: ASML’s CEO believes that demand from Chinese chipmakers will remain robust, despite export restrictions.

ASML Holding NV’s CEO, Peter Wennink, expressed confidence in the continued strong demand from Chinese chipmakers, despite export restrictions imposed by the US and Dutch governments. Wennink stated that he expects a significant amount of demand from China for mature technology, and does not anticipate a peak in demand this year. Although the export restrictions affect around 15% of ASML’s sales to China, Wennink emphasized that China is still the company’s third-largest market, after Taiwan and South Korea. Earlier, ASML warned that sales in 2024 may remain flat.

Tags: ASML, China, demand, chipmakers, export restrictions