ASML CEO says global tensions harm innovation as US tariffs hit

ASML CEO says global tensions harm innovation as US tariffs hit

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ASML Shares Drop, CEO Says Geopolitical Risk Poses Challenge

Shares of ASML Holding NV, sole producer of the most advanced machines used in semiconductor manufacturing, fell to the lowest level in more than a year after US President Donald Trump levied a 20% tariff on products coming from the European Union in a move that threatens to disrupt the company’s supply chain.

ASML, the sole maker of the most advanced chip machines used in semiconductor production, is facing tougher times due to rising global trade tensions. According to CEO Christophe Fouquet, geopolitical tensions are damaging innovation in the sector.

ASML CEO concerned about global tensions stifling innovation

ASML CEO Fouquet warns that geopolitical tensions threaten innovation in the chip industry, just days after Trump's announcement of new import tariffs.