ASML Lithography Machine Order Profits Plummet! The Real Reason Behind CEO Change Linked to China?
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- Опубликовано: 2 май 2024
- On December 1, 2023, ASML, a leading player in the global lithography market, announced significant leadership changes with CEO Peter Wennink retiring on April 24, 2024, and Christophe Fouquet, the current Chief Business Officer, set to take over as President and CEO. This transition comes at a crucial time when ASML faces increasing geopolitical pressures and market dynamics, particularly concerning its operations in China.
Under the new export control regulations enforced by the Dutch government, influenced by U.S. policies, ASML faces restrictions on shipping its advanced semiconductor equipment to China. This situation poses a significant challenge as China accounts for nearly half of ASML's sales. The leadership change is expected to herald a shift in how ASML interacts with global markets, especially in navigating the complex relationship with the Chinese semiconductor sector.
Christophe Fouquet, a physicist by training and a veteran in the semiconductor industry, has been instrumental in advancing ASML's cutting-edge EUV machine programs. His leadership is anticipated to drive further innovations and possibly recalibrate ASML's strategic directions in response to the export controls that limit the company’s sales in its largest market, China.
Recent statements from Wennink have highlighted the limitations and potential consequences of isolating China technologically. He argued that such strategies might force China to innovate independently, potentially leading to a more self-reliant and competitive stance in the global semiconductor market. This sentiment is echoed in Fouquet’s criticisms of the Dutch government's failure to accommodate foreign talent essential for ASML’s operations, hinting at a possible relocation of headquarters if the situation does not improve, with China being a potential target due to its large market and talent pool.
Amidst these leadership and policy challenges, ASML experienced a significant drop in orders in 2023, with a 60% decrease that led to a nearly $200 billion reduction in market value. This downturn has sparked debates about the effectiveness of U.S. strategies to curb China’s semiconductor capabilities through ASML and whether China's industry might be reaching significant self-sufficiency milestones, as evidenced by Huawei's development of the Kirin 9010 chip.
Furthermore, the global demand for semiconductor equipment remains robust, with China leading the expansion of new wafer fabs expected to significantly increase by 2027. This expansion contrasts with ASML's order reduction, suggesting a complex interplay of market forces and geopolitical strategies affecting the semiconductor industry.
In this evolving landscape, Fouquet's approach to navigating these challenges will be crucial for ASML's future. His strategies will likely focus on innovation, market adaptation, and possibly restructuring to align with global semiconductor industry shifts. ASML's role in the semiconductor equipment market continues to be of strategic importance, as the industry seeks to balance technological advancements with geopolitical realities.
#ASML #semiconductor #China #exportcontrols #leadershiptransition 
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The space station.
The solar panel.
The Tunnel Boring machine.
The HSR.
The wind turbine.
The EVs
The Drones.
5G... 6G
C919
Etc
Next will be The Extreme Ultraviolet Lithography Machine.
🇺🇲 Left 🇨🇳 No choice BUT to improve or be overwhelmed by the West.
you missed out BeiDou GPS, hypersonics, high-bypass turbofan engines
1,43B proud Chinese and millions of proud over-sea Chinese.
👍🏼🇨🇳👍🏼🇨🇳👍🏼🇨🇳👍🏼
what is $2.6 billion subsidy in comparison to $200 billion lost in market cap
Already china has ordered local companies to make sure they have replaced all such equipment containing intel and amd processors by 2027. This means they have the capabilities right now.
We have to laugh, the usa "orders" a Dutch company to stop trading with its biggest market. And is thus on it's way to irrelevance. Slow handclap for idiocy
The US basically told ASML to die off, so another in its place can be formed in the US.
Coerced Suicide. ASML could have told USA to get lost and stopped dealing with them instead supported China. But then the white men stock together. 🖕🖕🖕🖕🖕
Fouquet cannot change the fate that has befallen ASML. Wennink has to leave because he has been warning the Dutch government that export control to China would only accelerate China’s development of her own technology, and Wennink has proven to be right. China doesn’t need ASML’s lithography anymore as China has developed her own semiconductor technology better than the American technology. ASML is now to leave the Netherlands because it will not survive the 21st century as it’s business is hampered by politics.
They will not leave.
They will stay and sink
If we go back a little further, Wennink said if we gave China complete instructions on how to build our machines they would still not manage. He was very arrogant about their superiority to China and only changed his tune once it was obvious China could do it alone. Anyway, living off government subsidies and not facing competition is a sure way to become history.
@@Andrew-rc3vh u r right.
No one will buy ASML UEV machines. Technology has changed thanks to Chinese R&D. Inevitable but was accelerated death like Xerox.
1. Purpose of Production is Consumption. Sale = Profit. No company can survive if you can only sell 51% of your production. 2. Anything that is made by a human can be remake by another--it just take time. 3. There are thousands of ASML machines in Tianjin----it wouldnt be difficult to duplicate and made improvement.
The west believes deeply that the western mind is superior. Therefore, they believe their inventions can never be reproduced, let alone improved.
Their Business Model is to complete one stage of invention. Then make products and never improve thereafter. But RAISING PRICES brings extremely high returns to investors. Investors want a monopoly - not continuous development.
ASML is riding into the sunset. Even sale to a Japanese company will not save it in the long term.
Future of computing is photonics and Quantum computing at room temperature. Replacing silicon wafers with diamond wafers.
ASML will join its parent, Phillips soon enough.
lol, just like Boeing following the footpath of McDouglas.
The Dutch government agreed to follow USA to ban ASML sales to Chine, knowing that ASML shall eventually shrinks her profit margin. China will eventually play catch-up within a few years and will see ASML demise.
The only hope for companies like ASML based in the west is to produce their own end products like China does and make these products acceptable to the whole wide world. ASML is just a small although vital part of the whole supply chain. Nobody is indispensable in this world, anything can be replaced or substituted like what Russia does.
Europeans have no spine, they relied on the US in the 1st and 2nd world war. This dependency is going to continue hence they US impose the subordination for security.
Money and talent have trumped all restrictions.
WEF poster boy and wannabe neocon Rutte couldn't care less.
Sacrificing ASML world market leader position was a small price to pay for his ambition for NATO secretary general.
In addition to that Rutte had the Netherlands pay billions for Ukraine.
Don't worry, ASML will prosper again when America give the order to resume sales with China.
China would not be fooled twice
The Chinese will not be patient and wait in the seating room, wow
And Urim can seat in the waiting room to wait the bullshiter, look how good you say the things I like it.
👌👌👌👍👏👏👏✌️
ASML loses money. And the Mutt struts around nonchalance.
yes, follow America for its downfall