Export controls against China will not only fail to halt its technological progress but also hurt the US economy, ASML Holding NV chief executive officer Peter Wennink said, after trade tensions between Washington and Beijing led to restrictions on the sale of the Dutch company’s advanced chip equipment to Chinese firms.“I believe that export controls are not the right way to manage your economic risks if you have determined that there is an economic risk,” Wennink said during an online…
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