ASML: Inside Europe’s most valuable tech company

Business Daily

BBC

News, Business

4.4 • 796 Ratings

🗓️ 2 February 2023

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Presenter Matthew Kenyon visits Dutch tech giant ASML, the company which makes the most advanced machines used in the manufacturing of microchips.

It is Europe’s most valuable tech company and business is booming – ASML expanded its headcount by nearly a third in 2022 – but political pressure from the US to restrict exports to China threatens to disrupt the semiconductor landscape.

We hear from ASML chief executive Peter Wennink, find out more about the process of creating ASML’s remarkable products and consider what the fallout from Washington’s intervention might be.

Presenter/producer: Matthew Kenyon

(Photo: ASML expo in Shanghai. Credit: Getty Images)

Transcript

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0:00.0	When you meet someone online, can you trust they are who they say they are?
0:04.7	I keep thinking so much about you.
0:07.1	She's so stunning.
0:08.4	It's all well planned.
0:10.8	Love Janessa is the True Crime podcast from the BBC World Service and CBC podcasts,
0:16.8	exploring the world of online romance scams.
0:19.8	And it's available now.
0:21.2	Find it wherever you found this podcast.
0:25.3	Hello, this is Matthew Kenyon with Business Daily on the BBC World Service.
0:30.5	Today we're talking microchips, or rather, the machines that are used to make them,
0:36.3	and the company which dominates that hugely important,
0:40.1	but very specialized market.
0:42.1	We happen to be a sole supplier of some very critical technology
0:46.3	which affects societies around the globe.
0:49.1	It is very awe-inspiring.
0:50.9	It's like almost walking into another world,
0:53.0	like you're walking into the future.
0:54.9	There are a few examples that more concretely show the bind that a small and mid-sized ally of the
1:01.3	United States that does a lot of business with China can get into.
1:05.0	The company is called ASML and its central role in an industry we all rely on has placed it in the middle of a global tussle which has consequences around the world.
1:16.8	It's a story which brings together the most advanced technology there is, billions or maybe even trillions of dollars, and the most powerful countries on the planet.
1:27.6	That's Business Daily from the BBC.
	...

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