Wennink said at ASML's annual meeting on Wednesday that he was not worried about rivals in Japan, the U.S. or China being close to building cutting edge commercial lithography products.

Wennink: one unnamed carmaker in mainland China, ASML's third market after Taiwan and South Korea, plans to make so many EVs in the next three years that it would require "six or seven full-fledged logic semicondcutor factories" that haven't yet been built. @pstAsiaTech : BYD

@pstAsiatech I have been looking for a rule of thumb and think this could work: when access restrictions reduce your access more than the other side’s access maybe not cleverly designed

@pstAsiatech “ ASML CEO says China access 'essential' “ Of course. Sanctions do not work. This isn’t 1952.

@pstAsiatech ASML has positioned itself as an unreliable supplier. Slowly and surely, its business in China will be faded out. ASML will be history in less than ten years.

@pstAsiatech I’ve often wondered why ASML would voluntarily stop selling to China at the behest of the US government when no monetary mitigation for lost revenue/profits were offered.

@pstAsiatech Wasn't ASML honoring US sanctions for under 16nm? I do believe SMIC is bypassing ASML

@pstAsiatech @ASMLcompany can only blame themselves for having a PM @markrutte of "no balls".

@pstAsiatech Who would have known? Sounds a bit like the German carmakers, albeit with technology that’s far more essential. CEO’s think in $ (and short term at that), not geopolitical futures.

@pstAsiatech ASML CEO also said that if he gave China the engineering plans to build an EUV machine they couldn't do it. China has developed the 3 core technologies for EUV machines. 2 stage staging, EUV light source, and lens mirror system for EUV. That's why ASML suddenly changed it's mind.

@pstAsiatech There are so many people talking different things that it's now difficult to find out who is in-charge? One person says decouple but other say difficult to decouple.

@pstAsiatech ASML is a little anxious to the recent tech breakthrough in China

@pstAsiatech Its so incredible that this is an absolutely huge story and yet it will receive very little media attention compared to the kind of trivial political nonsense that will actually dominate the headlines.

@pstAsiatech China will soon forget about ASML and move on. It’s just like Huawei who were heavily sanctioned by US but moved forward to develop its own technology. ASML will gradually become like Nokia and Blackberry

@pstAsiatech China is not going live under the mercy of these US' sanctions!! Very soon China will develop their EUV substitutes just like China have developed their own fighter jet, military technologies, HSR, BeiDou navigation Sys, Space Station, Satellite Remote Sensing etc.

@pstAsiatech The US have overplayed their cards. What they have of sort to achieve is exactly the opposite of what is likely to now happen. It doesn’t look like the Europeans are buying into the US ‘dream’

@pstAsiatech That's bullshit. ASML is essentially saying "let's just keep doing business with them or we'll make less money". Excuse me, what is the result of COCOM? COCOM is meaningless in the sense of ASML, is it?

@pstAsiatech Restrictions hurt ASML. But they hurt China more. Thus they should stay in place.

@pstAsiatech Imagine telling your shareholders that they have to sacrifice their investment to make U.S. happy.