AMSTERDAM (Reuters) -ASML's CEO said the Dutch chip-gear maker has not been affected by tensions between The Netherlands and China over the Dutch government's takeover of chipmaker Nexperia. "It will
ASML CEO: Dutch-China Tensions Have No Immediate Impact on Business
Impact of Dutch-China Relations on ASML
AMSTERDAM (Reuters) -ASML's CEO said the Dutch chip-gear maker has not been affected by tensions between The Netherlands and China over the Dutch government's takeover of chipmaker Nexperia.
Current Business Situation
"It will not affect our business in the short term", ASML CEO Christophe Fouquet said in a Dutch television interview, adding he believes the worst of the crisis is over.
Future Outlook
A standoff between Nexperia's European business and itsChinese plant, triggered by the Dutch seizure of the company over concerns about technology transfer, has snarled supply of its chips, which are crucial for the global automotive market.
Upcoming Diplomatic Efforts
"What is key on this topic is to talk before you escalate and maybe this time it went the other way around," Fouquet said.
A Dutch delegation is expected to travel to China next week for further talks.
(Reporting by Charlotte Van Campenhout and Toby Sterling; Editing by Alexander Smith)
