China is still a decade behind the U.S. in chip technology-but the world still needs the mature chips it's making, says ASML's CEO
Briefly

Officials criticize China for 'overcapacity,' but ASML CEO Fouquet argues for the necessity of legacy chips from China due to rising demand and slim margins for chipmakers.
Europe struggles to meet half of its chip needs, while China leads in starting 18 chip projects, raising concerns about the economic sustainability of legacy chip programs.
Read at Fortune Asia
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