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In an interview with Dutch radio station BNR, the recently retired CEO of semiconductor equipment maker ASML stated that the disputes between the US and China regarding computer chips are not based on facts but are rather ideological, and are likely to continue.
After leading ASML for ten years, Wennink retired in April, during which time the company became Europe's largest technology firm. The US has been imposing increasing restrictions on ASML's exports to China since 2018, citing security concerns.
The most recent restriction involves preventing the company from servicing equipment already sold to Chinese customers.
Wennink expressed his concerns about these discussions being driven by ideology rather than facts, and emphasized the need to balance the interests of stakeholders.
He also highlighted the company's long-standing presence in China and its corresponding obligations.
Wennink mentioned that he had lobbied to prevent export restrictions from becoming too tight while also addressing concerns about intellectual property with Chinese politicians.
He clarified that his actions were in the best interest of the company's customers, suppliers, employees, and shareholders, rather than favoring any particular country.
Wennink predicted that due to geopolitical interests, the chip war could persist for decades.
