US President Donald Trump's new import tariffs, particularly a 20 percent tariff on goods from the European Union, have raised concerns among tech companies. ASML CEO Christophe Fouquet highlighted the importance of international collaboration for the tech industry, noting that export controls and geopolitical tensions jeopardize this cooperation. The tariffs may impact the European tech sector, though some analysts suggest the short-term effects could be minimal, given ASML's unique position in the market and its revenue reliance on US customers and China.
"Our industry has been built basically on the ability of people to work together, to innovate together," Fouquet said during an industry event in the Netherlands.
Tech companies in the European Union that are confronted with a 20 percent levy are still determining the impact on their business activities and supply chains.
Although the tariffs announced by Trump exclude semiconductors, they do not specifically mention chip machines like those made by ASML.
The direct short-term effects could be limited. In 2024, approximately 16 percent of ASML's net sales came from customer facilities in the United States.
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