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HomeTechASML CEO says US motivation in restricting equipment exports to China is...

ASML CEO says US motivation in restricting equipment exports to China is ‘economically motivated’

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(Reuters) – The chief executive of Dutch computer chip equipment supplier ASML on Wednesday said a U.S.-led campaign to restrict the company’s exports to customers in China in the name of national security has become more “economically motivated” over time.

Christophe Fouquet, speaking at a Citi conference in New York, said he expects pushback against U.S.-led restrictions to grow, and at the same time that Chinese advances in chip making will be limited by restrictions that are already in place.

(Reporting by Toby Sterling; Editing by Chris Reese)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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