ASML's Chief Executive Officer, Peter Wennink, has cautioned that United States chip export policies risk undermining ASML's global preeminence in lithography technology and could catalyze China's push for accelerated semiconductor independence and innovation. Wennink holds the view that artificial trade barriers, far from impeding China's technological advancement, might instead disrupt the global supply chain and hinder technological progress. Similarly, NVIDIA's CEO, Jensen Huang, has acknowledged China's substantial strides in AI and semiconductor design.