The CEO of lithography giant ASML will retire in February next year: he has said that there is no hope of isolating China
Fast Technology reported on December 1 that lithography machine giant ASML announced that ASML President and CEO Peter Wennink (Peter Wennink) will retire on April 24, 2024.
The Supervisory Board of ASML has announced the appointment of Christophe Fouquet, current Chief Commercial Officer and member of the Management Board, as the company's next President and CEO.
It is reported that the appointment is subject to the approval of the Annual General Meeting on April 24, 2024.
Incoming Christophe Fouquet
ASML President and CEO Peter Wennink praised Christopher as an excellent successor who will lead ASML from April next year. Christopher has been with ASML for 15 years and is responsible for ASML's technical, product and customer work.
Christopher began his career at ASML in the DUV business and subsequently led two fast-growing business lines of ASML, Applications and EUV, and most recently all of ASML's business lines.
"We all share the 'ASML DNA' – collaboration and partnership. I will work closely with Christophe to support him as he moves into his new role." Wennink said.
Peter Wennink, current president and CEO of ASML
Wennink has been leading ASML since July 2013 and has led the Dutch company to the pinnacle. Over the past decade, ASML has introduced state-of-the-art wafer fabrication equipment and has become the world's leading lithography machine giant.
In September, Wennink said on the local television program Nieuwsuur that there was no hope for completely isolating China. If we don't share the technology, they will do it themselves.
"There are 1.4 billion people in China, and a lot of them are smart. They'll come up with solutions that we haven't thought of yet. You're forcing them to be very innovative. ”
Wennink argues that trying to isolate China, for example, by banning skilled migration and export controls, would actually weaken the West itself.
Since September 1, under pressure from the United States, the new export control regulations for semiconductor equipment issued by the Dutch government have officially come into effect, and ASML must obtain permission from the Dutch authorities to ship TWINSCAN NXT:2000i and subsequent immersion lithography systems.