Europe's largest chip company ASML views the emergence of China's DeepSeek as a positive, despite initial market jitters. CEO Christophe Fouquet highlights the benefits of cost-efficient AI models ...

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President Trump said the launch of a low-cost Chinese AI model should be seen as a wake up call for U.S. industries. Trump also announced plans to impose new tariffs on semiconductor imports.

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Chip equipment maker ASML jumped as much as 10% in morning trading in Amsterdam, while Taiwan's TSMC ended 1.3% higher. Christophe Fouquet, the CEO of ASML, said the advent of cheaper AI models ...

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"Attempts to limit China's access to US technology, in this case chips and chip equipment, have very likely incentivized China to develop on their own, and become more independent of U.S ...

People across China are hailing the success of homegrown tech startup DeepSeek and its founder, after the company’s newest artificial intelligence model sent shock waves through Silicon Valley ...

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Siemens Energy, which makes equipment for utility companies, plunged 20%. GE Vernova, another maker of power equipment, fell more than 21%. Not everyone is convinced by DeepSeek's announcements.