According to the British Asian Financial News Network reported on April 27, the head of the Dutch chip manufacturing equipment giant ASML said that although Western countries have tried to block the sale of advanced chips to China, it is still "crucial" to enter China, the world's largest chip market.
Peter Winningk, the company's chief executive, said it was "justified" for China to commit to producing its own microchip devices when it was banned from buying tech products made in other countries.
In the face of the United States and other Western-represented countries, the obstruction of Chinese chips can be described as racking their brains, but at the same time, in the case of China's increasing share of trade, it is impossible to resist the temptation interests of the world's largest market.
Countries are waiting for someone to take the lead, or for an opportunity to loosen the barrier to trade with China (chips).
At the same time, China is constantly developing its own chips in order to break through the blockade of the West, which will be a matter of time. At that time, it will be difficult for Western countries to rely on chips to obtain greater benefits from China.
Not long ago, ASML also reported strong first-quarter earnings. The company believes sales in China are expected to grow as Chinese chipmakers buy older models of equipment that are not within the limits. The Dutch government has previously said it will enforce U.S.-led export restrictions.
However, it does not affect the normal transactions between the company and Chinese enterprises. Moreover, more countries will join in the future to trade with Chinese companies.
Wennink said at the company's annual meeting on the 26th that he is not worried that competitors in Japan, the United States or China will soon make cutting-edge commercial lithography products.
"But of course that can happen, so we have to keep access to the Chinese market, which is absolutely crucial," he said. ”
"Market access is as important to us as to our Chinese customers," he said. ”
Winningk expects the global chip market to double by the end of the decade.
Whether or not China manufactures cutting-edge commercial lithography, as long as it trades with China, the company will not lose money.
Until there are strong market interests, no one can stop them, unless they do not want objective profits.
This move by Dutch ASML will promote the Chinese market, and more and more foreign cutting-edge chip companies will break the rules to cooperate with Chinese companies in the future.
As reported by Deutsche Presse on April 27, despite some criticism, global chemical giant BASF still sees China as a future growth market.
Explaining its future strategic direction at a shareholders' meeting in Mannheim, CEO Brudermüller said that China accounts for about half of global chemical industry sales, but BASF's sales in China account for less than 15 percent of total sales. As a result, the company is striving to continue to achieve high profitable growth in China.
For the German chemical company, the growth of the European market is no longer enough to compensate for the lack of the Chinese market. Therefore, its plans to invest tens of billions of euros in China are very important.
Brudermüller said: "The local market is increasingly worrying us that our profitability is far from where it should be. ”
Although there is some consensus with the United States, anyone who leaves the Chinese market will cause great losses. Starting from the constraints of the United States, American companies have never wanted to leave the Chinese market.
Separated from the largest market, the turnover of American companies is the best example.
According to a report by the American World News Network on April 27, the latest survey results of member companies recently released by the American Chamber of Commerce in China show that after China adjusted epidemic prevention measures, nearly 60% of the surveyed US companies have regained confidence in China's economic prospects and revenue, 73% of members said they would not move their supply chains out of China, and 51% of American companies in China said that their foreign employees were willing to return to China to work.
According to the survey, a whopping 59% of the surveyed US companies are optimistic about the prospects of the Chinese market, which is a sharp increase from the end of last year.
In addition, about 52% of the surveyed companies with investment intentions consider the strategic importance of the Chinese market. Key concerns for U.S. companies not planning to increase investment include uncertainty in U.S.-China relations and growth expectations for the Chinese economy.
He Meike, president of the American Chamber of Commerce in China, said at a video conference that most U.S. companies do not want to "decouple" from China.