Semiconductor Giant ASML Has a New Boss, and a Big Problem

When Christophe Fouquet takes over as CEO of Europe’s most valuable tech company on April 24, he will inherit not only a single firm, but also the leadership of an entire industry responsible for a critical ingredient of modern life: chips.

Netherlands-based ASML makes one of the world’s most complex machines, used by chipmakers like Intel and TSMC to manufacture the advanced microchips required for the functioning of today’s smartphones, cars, and data centers. Fouquet will take over leadership of ASML’s 40,000 or so employees and manage a sprawling network of more than 5,000 specialist suppliers, such as Germany’s Zeiss and Trumpf, whose lasers and mirrors enable ASML’s machines to

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