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Semiconductor Giant ASML Has a New Boss, and a Big Problem
European chip machine-maker ASML is at the center of US-China trade tensions. Its new chief executive now faces a daunting political juggling act.
When Christophe Fouquet takes over as CEO of Europe’s most valuable tech company on April 24, he will inherit not only a single firm, but also the leadership of an entire industry responsible for a critical ingredient of modern life: chips. Netherlands-based ASML makes one of the world’s most complex machines, used by chipmakers like Intel and TSMC to manufacture the advanced microchips required for the functioning of today’s smartphones, cars, and data centers. Under the previous CEO, Peter Wennink, ASML threatened to leave the country, citing anti-immigration rhetoric after the far-right Party for Freedom (PVV) won the November election.
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