
Former ASML boss Peter Wennick has shared his belief that the trade war over semiconductors between the U.S. and China may go on for the next few decades. Nicknamed the "Chip War," Wennick believes that the offensive exists exclusively for ideological reasons, rather than any basis in fact.
TrendForce first reported on the comments made by the former ASML boss on Dutch radio outlet BNR. Wennick is something of an expert on the Chip War thanks to his time as CEO of ASML, the world's largest vendor of chipmaking tools and equipment. Retiring in April of this year, Wennick served as CEO for 10 years, during which time ASML grew to become the third-largest European company by market cap.