ASML’s CEO has dismissed DeepSeek while emphasizing the dominance of AI in the U.S.

Veldhoven, Netherlands – Peter Wennink, CEO of ASML, the leading supplier of semiconductor manufacturing equipment, has downplayed worries regarding China’s DeepSeek, a rising AI chipmaker. In a recent interview, Wennink asserted that the true threat to the AI industry comes from U.S. tech giants like Google, Microsoft, and OpenAI, rather than from Chinese firms. Although DeepSeek has made progress in AI chip development, Wennink noted that China’s semiconductor capabilities remain constrained by U.S. export restrictions on advanced technologies, including ASML’s extreme ultraviolet (EUV) lithography machines. He stressed that significant advancements…

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