Press "Enter" to skip to content

Posts published in “Business”

ASML CEO’s remarks show growing concerns over US curbs on chip trade

Christophe Fouquet, the CEO of ASML, a leading Dutch chip equipment manufacturer, has said that the geopolitical landscape indicates the US will persist in exerting pressure to impose stricter restrictions on ASML’s exports to China, according to a report by Reuters. “One of the debates is, is it really about national security? The other debate you start to see … is does it help us or does it hurt us? I see a lot of companies in the US that start to also ask that question,” he said at a…

There is no need for Reuters to be anxious about China’s technological progress

Reuters recently published an “exclusive” story about a so-called Chinese “Manhattan Project,” claiming that Chinese scientists have built what Washington has spent years trying to prevent: a prototype extreme ultraviolet (EUV) lithography machine. Regardless of whether the report – replete with “sources say” – was a smokescreen or not, the anxiety it conveys over China’s technological progress is palpable. This anxiety precisely reveals to the world an unhealthy mindset that often appears in the West. Lithography machines are major technical equipment that some countries believe it is the “last bastion”…