ASML CEO：中国光刻机还有很长的路要走

Core Viewpoint - ASML is facing significant geopolitical challenges that could impact its market position and the semiconductor supply chain, particularly due to trade tensions between the US and China [1][2][6]. Geopolitical Challenges - The CEO of ASML, Christophe Fouquet, has expressed concerns that government policies may disrupt supply chains and slow down technological advancements, particularly in AI and semiconductor manufacturing [2][4]. - The company has become a pawn in the geopolitical struggle, with its advanced lithography machines being restricted from export to certain countries, notably China [1][3]. Market Position and Financial Performance - ASML's advanced lithography machines, which cost around $400 million each, are crucial for producing cutting-edge microchips, and the company has a market capitalization of approximately $300 billion [1][5]. - The company reported record revenues of €28.3 billion (approximately $32.3 billion) last year and anticipates sales could reach between €44 billion to €60 billion by 2030 [5]. Supply Chain and Production - ASML's EUV tools require components from hundreds of international suppliers and are considered among the most complex machines ever created, with a supply chain that spans Europe, the US, and Asia [5][6]. - The company is currently expanding its headquarters and is optimistic about the demand for its equipment driven by the AI boom, despite ongoing geopolitical tensions [8]. Trade Policies and Market Impact - The imposition of tariffs and export controls has raised concerns about the sustainability of chip demand and the cost-effectiveness of ASML's machines [6][7]. - The company expects its sales to China to drop from nearly half of its annual revenue to about 25% due to trade restrictions [6]. Strategic Initiatives - ASML is actively lobbying for more support from the EU and Dutch government to mitigate the impacts of US-China trade tensions on the semiconductor industry [4][7]. - The CEO emphasizes the importance of focusing on innovation rather than solely on containment policies against economic competitors like China [7].