Microchip leader warns of geopolitical threat to innovation

Dutch company ASML reports “unauthorised misappropriation of data” as MEPs progress EU legislation on microchips

The head of a Dutch company that plays a leading role in global microchip manufacturing has warned that increasing geopolitical tension could threaten innovation.

“If countries or trade blocks withdraw into their own territories, then innovation will be less effective and more expensive,” said Peter Wennink (pictured), chief executive of ASML, which makes machines that are crucial for manufacturing advanced microchips.