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.
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Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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After SpaceX’s record-setting IPO, some investors like Danish pension fund AkademikerPension have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give founders https://bloom.bg/3EMZYZX
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Hungary’s parliamentary vote to amend the constitution crowns a frenetic period of legislative activity since Prime Minister Peter Magyar pledged to reincarnate democracy in the country. The result removed the president, set a limit of three parliamentary terms for legislators and sent allies of former PM Viktor Orban in top courts into retirement. Bloomberg’s Zoltan Simon reports.
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Nasdaq President Nelson Griggs says the record-breaking SK Hynix ADR listing is already attracting looks from more foreign companies that may consider US listings. He says JPMorgan Chase struck the right balance on the SK Hynix pricing. Griggs speaks to Bloomberg’s Ed Ludlow in New York at the Nasdaq.
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Business
Trump making “major mistake” with Nvidia chips to China, says Burns #shorts #china #nvidia #ai
Former US Ambassador to China Nicholas Burns tells David Gura President Trump is “making a major mistake” by allowing Nvidia to sell its products to one of the US’s biggest rivals, China https://bloom.bg/3SQPXSd
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@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.