ASML’s CEO Christophe Fouquet expects pressure will grow from the US to further restrict sales of semiconductor technology to China, the biggest market for the Dutch producer of chipmaking machines. “If you look at the geopolitical landscape, I think it’s clear that the US will continue to apply pressure on their allies for more restrictions,” Fouquet said in an interview during the Bloomberg Tech Summit in London. “The question is what is right for the Netherlands? What is right for Europe?”. Staying in Europe, car sales on the continent fell in September for the first consecutive monthly decline in more than two years as the region’s economy continued to stagnate and consumers trimmed spending.
Today’s guests: Christophe Fouquet, ASML CEO; John Bilton, JPMorgan
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:02:53 – Treasury yields jump on fiscal fears
00:04:28 – Fed rate cut pricing eases
00:05:22 – SAP focuses on transition to cloud services
00:11:32 – ASML CEO Christophe Fouquet on China demand outlook
00:19:22 – ASML CEO on machinery restrictions on China
00:24:19 – ASML CEO on Dutch workforce, immigration policy
00:36:05 – Fouquet on ASML’s supply chain positioning, outlook
00:40:41 – John Bilton, JPMorgan
00:48:24 – European carmakers mired in sales slump
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