ASML CEO Says Chip Industry Needs to `Step Up'

The transcript discusses the strong demand and growth in the semiconductor industry, highlighting challenges such as supply chain bottlenecks and capacity issues. It explores potential growth opportunities, particularly in China, while considering the impact of US-China relations on business. The discussion emphasizes the complexity of shifting supply chains and the long-term nature of such changes.

What is the expected growth rate for the memory market in 2021?

• 25%

• 20%

• 15%

• 10%

What caused the bottlenecks in the semiconductor supply chain during the COVID-19 pandemic?

• Lack of raw materials

• Increased demand for consumer electronics

• Capacity reductions by customers

• Government regulations

What is the main factor that could lead to upside in the logic market?

• Improved supply chain efficiency

• Expansion of production facilities

• Increased demand for smartphones

• Relaxation of export control rules

Why is it challenging to shift semiconductor production to China?

• Strict environmental regulations

• High labor costs

• Complexity of the supply chain

• Lack of skilled workforce

What is the main reason for the competitive situation between the US and China in the semiconductor industry?

• Economic rivalry

• Technological advancements

• Political differences

• Cultural disparities

What is a key issue in the US-China trade relationship regarding semiconductors?

• Tariff imposition

• Intellectual property enforcement

• Currency manipulation

• Labor rights

How might the approach to US-China semiconductor trade change under President Biden?

• Allied negotiation approach

• Complete trade ban

• Increased tariffs

• More unilateral actions