Industry needs ‘champions’, not intervention, says Christophe Fouquet, head of Europe’s biggest listed company
The increasing geopolitical tensions and the strategic importance of semiconductors are leading to greater governmental desire to control critical supply chains, prompting industry leaders to push back.
This highlights the tension between national industrial policy ambitions and the globalized, specialized nature of the semiconductor industry, directly impacting future chip supply and innovation.
It reinforces the growing divide between political imperatives for domestic control and industry's demand for free markets and specialization, potentially affecting EU semiconductor strategy.
- · ASML
- · Global semiconductor industry
- · Open market proponents
- · EU industrial policy advocates
- · Nationalist supply chain efforts
- · Governments seeking tight control over tech
ASML's public statement puts pressure on the EU to reconsider direct interventionist policies in semiconductor supply.
This could lead to a less fragmented European semiconductor strategy, emphasizing collaboration over direct national control.
Long-term, it may solidify the role of specialized equipment providers like ASML as critical shapers of national tech policy, acting as a check on protectionism.
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Read at Financial Times — Technology