Frenchman Christophe Fouquet takes the reins of Dutch chip giant ASML on Wednesday with a daunting to-do list, top of which will be steering business with China as semiconductors become a geopolitical battleground.
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Patting him affectionately on the arm in a corporate video, Wennink said of his 50-year-old successor:"He's been with the company for so long and he knows all our customers, suppliers, Fouquet spent years running the firm's EUV programme of cutting-edge machines that print ultra-thin chips critical for the development of artificial intelligence."Insider Christophe Fouquet is continuity in the flesh," said specialist publication Bits&Chips.Simon Coles, ASML analyst at Barclays, told AFP:"I would not expect a change in direction. The new CEO helped set and plan the current strategy, so we'd expect to see a continuation.
"It's a matter of time until people realise that the only way to be successful in semiconductors is through cooperation," he told financial news outlet Nikkei Asia last year."The idea that we could go back to a little dark corner and do it all alone is most probably a very challenging concept." The Dutch government then unveiled"Operation Beethoven", a charm offensive worth 2.5 billion euros designed to keep companies like ASML in the Netherlands.
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