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TLDR ASML wants to sell to China but can't. Their share price has fallen due to companies like Intel and Samsung cutting costs and this CEO is looking for other
by thegreatpeter 2y ago
TLDR ASML wants to sell to China but can't. Their share price has fallen due to companies like Intel and Samsung cutting costs and this CEO is looking for other ways of earning his bonus.
- kiicia 2y agoso just late stage capitalism's pure greed imported to eu
- bgnn 2y agoWell, yeah, and US hostility towards Europe on top. Why should ASML obey US foreign policy decisions while US doesn't care about ASML?
- dehrmann 2y agoASML (or the EU) actually has leverage over the US, here. This is a key initiative of the current (and past) US administration, but it depends on ASML, and the US isn't close to an alternative.
- stubish 2y agoThey mention they rely on some US parts, and the US is in a better position to apply that power and win a game of chicken. ASML is a company, so unlikely to make a moral stand and choose destruction over continuing to do limited business.