Business
ASML CEO Says Chip Controls Will Push China to Create Own Technology
The head of Dutch chip-gear giant ASML Holding NV says US-led export control measures against China could eventually push Beijing to successfully develop its own technology in advanced chipmaking machines. Peter Elstrom reports on Bloomberg Television.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en
source
Rep. Michael McCaul says Ukraine is gaining momentum on the battlefield but urgently needs more Patriot interceptors and stronger air defenses to counter Russia’s escalating missile attacks. He urges deeper US-Ukraine defense cooperation, including licensed Patriot production and joint drone development, while arguing sustained military pressure offers the best path to negotiations with Russia.
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Nuveen Head of Fixed Income Strategy Tony Rodriguez, State Street Global Head of Gold Strategy Aakash Doshi, Coresight Research Founder & CEO Deborah Weinswig, Principal Venture Partners Founder & Managing Partner Songyee Yoon, Alphasimplex Chief Research Strategist Katy Kaminski, Principal Asset Management Chief Investment Officer & Global Head of Equities George Maris, Morgan Stanley Equity Research Managing Director Alex Straton, MNTN CEO Mark Douglas, & Former HUD Sectretary Henry Cisneros.
Chapters:
00:00:00 Bloomberg The Close
00:01:12 Fed Minutes, Inflation Fears & Rising Treasury Yields
00:03:26 Nuveen on Bonds, Inflation & AI Debt Issuance
00:10:14 State Street on Gold, Geopolitics & the Fed
00:16:21 Top Calls
00:17:40 Levi’s Earnings Preview: Beyond Denim Growth Strategy
00:23:22 AI Infrastructure: Are Hyperscalers Overspending?
00:30:53 Stock of the Hour: Alibaba’s AI & Cloud Comeback
00:36:39 AlphaSimplex on Volatility, Oil & Inflation Risks
00:43:13 Closing Bell
00:46:35 Energy Stocks Rally While Airlines & Travel Sink
00:54:21 Post-Close: Tech Volatility and AI Leadership
00:56:30 Principal Asset Management on Navigating Market Volatility
01:02:05 Levi’s Earnings Beat: Guidance Raised
01:02:35 Morgan Stanley’s Retail Outlook for Earnings Season
01:08:28 Meta’s Cloud Ambitions & AI Infrastructure Debate
01:20:27 Toyota Expands U.S. Manufacturing in Texas
01:28:26 What to Watch
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
Bloomberg’s Nic Querolo joins Katie Greifeld on “Bloomberg Real Yield.” After decades of drawing in tens of thousands of new residents as gleaming apartment towers rose near the Hudson River waterfront across from Manhattan, Jersey City has suddenly found itself teetering on the financial brink.
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
“The next for them will obviously be data centers in space… And there’s only one company in the world that can pull that off, SpaceX,” says Marathon Asset Management CEO Bruce Richards.
source
Media veteran Michael Wolf discusses Allen & Company’s annual Sun Valley Conference and breaks down the mega deals that are reshaping the entertainment industry. He explains why free ad-supported content is the unsung winner of the streaming wars, and digs into the ways AI is changing the value of content.
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
-
Other2 years ago
Economic crisis Predictions|Bloomberg Surveillance 11/08/202…
-
Other2 years ago
Suppers Around The World – Tasty Recipes Please recognize th…
-
Food2 years ago
Kardea Brown’s Cheesy Hash Brown Casserole | Delicious Miss Brown | Food Network
-
Politics2 years ago
Russia hawks to Putin apologists: GOP stonewalls Ukraine aid, Tucker Carlson’s trip to Moscow
-
News2 years ago
White House warns of Russia invasion in Ukraine before end of Olympics
-
Other2 years ago
Giada De Laurentiis Makes Pan-Fried Zucchini w/ Anchovy Vina…
-
Sports2 years ago
Top 10 Saves from Week 13 of the 2021-22 NHL Season
-
Other2 years ago
Just how beginner Vivek Ramaswamy is gaining some Trump foll…
-
Politics2 years ago
George Conway: ‘Lying, intimidating, bullying. That’s Trump at his worst, and that’s Trump always’
-
Other2 years ago
MaxMara Spring/Summer 2013 FULL SHOW|Milan Fashion Week MFW|…
@EAMonstah
December 14, 2023 at 9:49 am
or steal yours like they just did recently, im talking about the designs for chips
@mdzaid5925
December 14, 2023 at 9:49 am
Yup, ASML lost both a valueable customer and their monopoly in the game. It's just a matter of time when China will catch-up with latest lithography technology.
The same was the case with Russian sanctions. I am really happy that American goonism is backfiring
@mr.alrightty2902
December 14, 2023 at 9:49 am
This video has aged well… they now figured it out
@shuli6021
December 14, 2023 at 9:49 am
greedy usa
@entropicpedro7494
December 14, 2023 at 9:49 am
Aged like wine…
@olpkol
December 14, 2023 at 9:49 am
that's why fraudsters quickly want to earn money themselves and sell their own equipment?
@user-fo8lw2cm4o
December 14, 2023 at 9:49 am
In order to stop the economic and technological development of other countries, it comes up with a lot of lies and unreasonable bans and sanctions. What is the greatness of the United States other than shamelessness and laughter?
@deboss142
December 14, 2023 at 9:49 am
Look at all these chinese bots in the chat lol
@mpirokajosephmgcokoca2355
December 14, 2023 at 9:49 am
ASML is losing billions in revenue by not selling to China. This proves how stupid leaders of these so called first world countries 🙄
@seeratasghar5264
December 14, 2023 at 9:49 am
EU will pay the price for it’s master’s misadventures
@KarelBeelaertsvanBlokland
December 14, 2023 at 9:49 am
Every advanced Western technology will eventually be copied by China.. when it is of strategic importance which chip production is… . However, copied systems mostly never match the ultra-high quality of the Western origin and mostly show earlier malfunction..
@jarrodyuki7081
December 14, 2023 at 9:49 am
my father works for nvidia he can offer a job or intern to any colelg studetns from the top 30 unvieities with at least 3.6 gpa and cs degree or major.
@ktwx2012
December 14, 2023 at 9:49 am
Smart CEO hahaha…sooner or later China will make it on their own… definitely surpass all…
@oklahoma1232
December 14, 2023 at 9:49 am
trump USA biden chip act for USA world domination ! LOL!❤
@tomspencer1364
December 14, 2023 at 9:49 am
I don't think that chemistry and physics are state secrets, so is anyone surprised that the PRC is investing heavily in this technology? Insulting a billion people? What could go wrong?
@mwambakatongo8613
December 14, 2023 at 9:49 am
That's a CEO that knows the business and clearly deserves his position. This aged very well
@joezhou2346
December 14, 2023 at 9:49 am
What a wise man
@minos99
December 14, 2023 at 9:49 am
The disturbing observation is that The West has ganged up to hinder Chinas prosperity even though China has not invaded ANY COUNTRY, unlike Russia, USA, UK…etc
Their simple hope is that China collapses like the Soviet Union.
Now they're actively discussing how to stop Chinese Electric Vehicle firms because China is outpacing Tesla and other Traditional Carmakers. They will fabricate lies about spying that will never be observed by ANY Cyber Security Expert.
China just wants to be rich. Is that offensive😢😢
@hendrang1
December 14, 2023 at 9:49 am
China always solves technical problems in a simple and cheap way.
@mangguodaren7366
December 14, 2023 at 9:49 am
I am watching the vedio on my Huawei mate 60 pro.
@titusp9488
December 14, 2023 at 9:49 am
Chip and chip equipment makers are not that profitable. Without china as a top buyer, their own scalability and survival is very much in question 😂
@yokfin53
December 14, 2023 at 9:49 am
Isn't it normal to look for alternatives? I'm surprised he took so long to realise that.
@jocheah4000
December 14, 2023 at 9:49 am
America need TSMC more than China, China has the market and with that loads of monies to buy talent to develop technology for self reliance. America is lazy and use sanctions and steal technology from allied members.
@winstonchen2382
December 14, 2023 at 9:49 am
Don’t say you weren’t warned.
@winstonchen2382
December 14, 2023 at 9:49 am
Well well well
@wenbo595
December 14, 2023 at 9:49 am
this is aging well
@papi-sauce
December 14, 2023 at 9:49 am
In the wise words of DJ Khalid. “Congratulations you just played yourself”. 😂
@papi-sauce
December 14, 2023 at 9:49 am
Aged like wine but the wine is for china now.
@boyah5316
December 14, 2023 at 9:49 am
Too late, ASML. You are not needed. Bye 😂😂😂
@DanielArnolf
December 14, 2023 at 9:49 am
Wennink is as smart as it gets and he is sounding the alarm as China won't stand still and will eventually break ASML monopoly. Biden broke the 80 years hegemony, fast tracked new BRICS currency and will also create the Chinese semiconductor empire. Well done.
@DanielArnolf
December 14, 2023 at 9:49 am
What can go wrong, sanctions always work isn't it ?
@EC-hf8ui
December 14, 2023 at 9:49 am
Lmao it happened
@patmackenney9786
December 14, 2023 at 9:49 am
You put embargoes on China and they soon find a way around them as they have withbuilding their own space station and Huawei producing their own OS and their own processor. Now they are top producer of EVs.
@dennisritchie512
December 14, 2023 at 9:49 am
No doubt why he is the ceo
@AngelAngel-pc5mc
December 14, 2023 at 9:49 am
He is 100% correct, and that's not the first time American done the dump things against China
@jkuang
December 14, 2023 at 9:49 am
7 months later we know China can make 7nm chips. But I want to catch up with you on EUV Lith Machine for chip making for 5nm, 3nm and even further: China has figured out that they REALLY DON'T NEED ASML Lith Machine for EUV lights. The EUV light is used to create the 5nm, 3nm or even 2nm chips. But instead of coming up with its own complicated Lith Machines for EUV lights, China simply built a 1K square kilometers LITH FACTORY. They don't need a machine to build chips. They simply built a factory to build chips. So the light will travel across the factory over hundreds of meters. And they could go through stages to extract the proper wavelength lights for any chip developments. The LITH FACTORY could support 28nm, 14nm, 7nm, 5nm, 3nm, 2nm and even further, you name it.
China realized that they don't need to have small form factors of Lith Machines that need to ship across oceans. They just need a mechanism to build chip. That mechanism could be as big as a factory. So China created a LITH FACTORY for chip making. Amazing!
@wuyuezhui
December 14, 2023 at 9:49 am
Western politicians always carry a shameless arrogance and prejudice. Your good days are coming to an end.
@perrylee1913
December 14, 2023 at 9:49 am
In the past, China thought just buy what needed from the United or Japan. Now, we all the sudden want to completely stop them from buying and even fabrication equipment. So, the trust is destroyed and of course they have to build their own. Is that a common sense?
@ScoobieDoo-zy1rh
December 14, 2023 at 9:49 am
Crystal ball
@superwalker90
December 14, 2023 at 9:49 am
Its not wise to buy Fish but it is rather wiser to learn "How to Fish" 😂
@superwalker90
December 14, 2023 at 9:49 am
USA should sell chips to China as otherwise whom you will sell chips to? only South Korea develops phones and they had Taiwan supply chips to them.