ASML CEO makes case that DeepSeek is positive for chip demand

Computer chip equipment maker ASML‘s CEO on Wednesday made the case that the advent of efficient AI models such as one China’s DeepSeek has launched is a net positive for chip markets.

Christophe Fouquet said that perceptions of AI spending are skewed by the massive investments being made by “hyperscalers” – companies such as Google, Meta and Microsoft – that are spending billions of dollars to build data centres packed with advanced chips.

“If you look at the number of chips related to that, it’s pretty small in fact,” Christophe Fouquet said,…