ASML CEO Says DeepSeek’s Emergence Is ‘Good News’ for AI
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ASML Holding NV’s leader brushed off concerns about the artificial intelligence-driven demand for its chipmaking machines after Chinese startup DeepSeek’s low-cost chatbot roiled markets earlier in the week.
“Anyone that lowers cost is good news for ASML,” Chief Executive Officer Christophe Fouquet said at a press conference on Wednesday. “Lower cost means AI can be used in more applications, more applications mean more chips.”