Ep. 8 Marc Hijink Discusses ASML, EUV, and the Geopolitical Competition for the "Oven of the Bakery" in the Semiconductor Industry
Description
Host Wenchi Yu speakers with Marc Hijink, author of The ASML Way and a Dutch business journalist. Marc compares ASML to the "oven of the bakery" in its pivotal role within the semiconductor industry. The company's unique position in manufacturing EUV machines creates an exceptionally high barrier to entry despite recent reports of EUV technology breakthroughs in China. Marc believes ASML's success is deeply rooted in its corporate culture, which serves as a secret sauce that is difficult to replicate elsewhere. He also estimates it will take China 10-15 years to catch up with ASML's technological advancements. Meanwhile, the broader Dutch-China relationship remains complex, with some doubling down on business cooperation while others approach collaboration with China more cautiously. With Trump 2.0's semiconductor policies, Marc cautions that Moore's Law could slow down, potentially hindering semiconductor advancements.
[00:00:04 ] Introduction
[00:01:25 ] Guest: Mark Hijink
[00:02:51 ] ASML’s Dominance in Lithography Machines
[00:03:32 ] The Semiconductor Supply Chain Explained
[00:04:50 ] ASML’s Market Share & Competition
[00:06:07 ] China's Importance as a Market for ASML
[00:10:03 ] Impact of US Export Controls on ASML
[00:11:38 ] China's Strategy in Semiconductor Manufacturing
[00:14:59 ] US & Dutch Semiconductor Policies
[00:18:06 ] ASML’s Neutral Stance in Geopolitics
[00:21:00 ] Europe’s Role in Semiconductor Geopolitics
[00:23:31 ] China's Counteractions & Domestic Investments
[00:26:49 ] Why ASML’s Technology is Hard to Replicate
[00:30:42 ] China’s Reported EUV Breakthroughs
[00:34:00 ] Dutch-China Relations Amid Export Controls
[00:40:12 ] Trump 2.0 and the Future of the Semiconductor Industry
[00:41:36 ] Closing
Perspectives with Wenchi Yu
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