{"id":11804,"date":"2024-07-09T09:05:48","date_gmt":"2024-07-09T09:05:48","guid":{"rendered":"https:\/\/topat10.com\/?p=11804"},"modified":"2024-07-09T09:05:48","modified_gmt":"2024-07-09T09:05:48","slug":"china-is-still-a-decade-behind-the-u-s-in-chip-technology-but-the-world-still-needs-the-mature-chips-its-making-says-asmls-ceo","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=11804","title":{"rendered":"China is still a decade behind the U.S. in chip technology\u2014but the world still needs the mature chips it\u2019s making, says ASML\u2019s CEO"},"content":{"rendered":"\n

\u201cOvercapacity\u201d is the recent buzzword<\/a> from Western governments trying to criticize China\u2019s manufacturing policies, arguing that China is producing more than it can consume, and dumping the surplus in foreign markets. Officials apply<\/a> the term to Chinese EVs, solar panels, and increasingly <\/a>the \u201cmature\u201d chips used in everything from cars to consumer electronics.<\/p>\n

\n

Christophe Fouquet, the CEO of Dutch semiconductor company ASML, has a different view. In an interview with German business outlet Handelsblatt<\/a><\/em>, published Monday, Fouquet argued the world needs the legacy chips coming out of China. Demand for these components is rising, but chipmakers are loath to expand production due to their slim margins.<\/p>\n

Europe can\u2019t cover half the chip it needs, Fouquet said. \u201cThere is no point in stopping someone from producing something you need. With Russian gas, people have understood that alternatives must be found, but not yet with chips,\u201d he said.<\/p>\n

Economies like Germany, the U.S. and Japan are offering subsidies<\/a> to attract chipmakers to set up domestic operations. Yet China is overtaking them all: The country will have 18 chip projects starting operations<\/a> this year for mature chips, more than any other country, according to the U.S. industry group SEMI.<\/p>\n

In response to a question about further export restrictions, Fouquet said governments worried about China needed to build their own factories. \u201cIt\u2019s not acceptable to make manufacturing more difficult for China and not create alternatives ourselves,\u201d he said.<\/p>\n

Subsidies may help attract some non-Chinese chipmakers to set up a local or regional supply chain. But analysts warn<\/a> that legacy chip programs may not be economically sustainable due to lower margins in the industry.<\/p>\n

Fouquet estimated that China is currently a decade behind the U.S. in chip technology. ASML is barred from selling its most advanced machinery to China, and even its less-advanced tools are now <\/a>in Washington\u2019s crosshairs.<\/p>\n

U.S. chip controls may be pushing Chinese companies to be more active in the legacy chip sector, analysts previously<\/a> told Fortune<\/em>. Chinese chipmakers could be trying to insulate themselves from further sanctions, but they may also see less advanced chip production as a stepping stone to move up the value chain and replace Western technology.<\/p>\n

Yet Fouquet, in his interview with Handelsblatt, <\/em>thinks China will struggle to recreate ASML\u2019s extreme ultraviolet lithography machines, currently the only way to make the most cutting-edge chips. (ASML is the only producer of EUV machines).<\/p>\n

\u2018Friend of China\u2019<\/strong><\/h2>\n

Fouquet\u2019s predecessor Peter Wennink took to Dutch radio<\/a> over the weekend to blast the current U.S.-China chip war as an exercise in \u201cideology.\u201d<\/p>\n

Wennink noted that ASML had to navigate a tightrope between the U.S. and China. ASML wanted to be able to keep selling to China, a major market, so Wennink had to lobby Western governments against tight export restrictions. Yet Wennink said he also had to complain to high-ranking Chinese politicians in order to protect ASML\u2019s intellectual property.<\/p>\n

The former ASML CEO complained this juggling act led to Washington officials deeming him a \u201cfriend\u201d of China.<\/p>\n

\u201cI\u2019m a friend to my customers, to my suppliers, to my employees, to my shareholders,\u201d he said<\/a>.<\/p>\n

China was ASML\u2019s second-largest market last year, making up a quarter of its total sales. Yet Washington is reportedly<\/a> pressuring the Netherlands and Japan to expand export controls on Chinese companies, which could affect ASML\u2019s business.<\/p>\n

Wennink, who retired earlier this year after a decade running ASML, complained that geopolitics was making it harder to operate in China. \u201cThese kind of discussions are not being conducted on the basis of facts or content or numbers or data but on the basis of ideology,\u201d he said. <\/p>\n<\/div>\n

Subscribe to the Fortune Next to Lead newsletter to get weekly strategies on how to make it to the corner office. Sign up for free<\/a>.<\/div>\n\n","protected":false},"excerpt":{"rendered":"

\u201cOvercapacity\u201d is the recent buzzword from Western governments trying to criticize China\u2019s manufacturing policies, arguing that China is producing more than it can consume, and dumping the surplus in foreign markets. Officials apply the term to Chinese EVs, solar panels, and increasingly the \u201cmature\u201d chips used in everything from cars to consumer electronics. Christophe Fouquet, […]<\/p>\n","protected":false},"author":235,"featured_media":11805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[123],"tags":[],"class_list":["post-11804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nChina is still a decade behind the U.S. in chip technology\u2014but the world still needs the mature chips it\u2019s making, says ASML\u2019s CEO | Unlock Informed Choices with Us<\/title>\n<meta name=\"description\" content=\"But Christophe Fouquet asserted in a Monday interview that the world needs Chinese-made mature chips, as other countries aren't producing enough of them.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Lim","author_link":"https:\/\/topat10.com\/?author=235"},"uagb_comment_info":0,"uagb_excerpt":"\u201cOvercapacity\u201d is the recent buzzword from Western governments trying to criticize China\u2019s manufacturing policies, arguing that China is producing more than it can consume, and dumping the surplus in foreign markets. Officials apply the term to Chinese EVs, solar panels, and increasingly the \u201cmature\u201d chips used in everything from cars to consumer electronics. Christophe Fouquet,…","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/11804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/users\/235"}],"replies":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11804"}],"version-history":[{"count":0,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/11804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/media\/11805"}],"wp:attachment":[{"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}