ASML Holding(US:ASML) Bloomberg Television·2025-12-13 07:00AI Development & Competition - The US is currently far ahead of China in AI, exemplified by Nvidia's dominance, with approximately 80% of the most advanced chips being purchased in the US [1] - Major US companies like Google, META, and Microsoft are driving AI development significantly [2] - Europe is currently a consumer of AI technology, lagging behind the US and China in AI ecosystem development [2] - The debate is whether the US or China will win the AI race, but Europe is clearly losing, also evident in the semiconductor sector [3] - Europe's semiconductor consumption is low because companies developing AI chips are not based there [4] - Europe needs to create conditions to attract the AI ecosystem back to the region to catch up [4] - If Europe loses the AI race, it will primarily become a consumer of the technology, with limited knowledge creation within the region [6] Semiconductor Industry & Supply Chain - Shipments of systems to Europe account for only 1-2% of total business, a trend that has persisted for the last ten years, indicating a lack of semiconductor manufacturing build-up in Europe [3] - The interdependencies between China and the US are constantly highlighted, emphasizing the need to ensure open markets [9] - China will not accept being cut off from technology and will strive to advance, given its large population of 14 billion [11] - The West could choose to provide China with older generation technology, such as the fourth or fifth generation, while currently shipping products that are eight generations behind [12] - Products shipped to China are over ten years behind those shipped to Western customers in 2013-2014, slowing down China's technological progress [12] - Frustrating China too much could lead them to develop their own technology and potentially compete in the market [14]