AI Chips to the UK’s Top Startups: Bloomberg’s London Tech Summit

The Bloomberg Tech Summit in London this year featured speakers from influential companies and personalities in Europe, including ASML Holding NV’s Chief Executive Officer Christophe Fouquet and Rene Haas, who led chip designer Arm Holdings Plc through the company’s initial public offering. Both companies are dominant parts of the supply chain for semiconductors. ASML, based in the Netherlands, has a near monopoly on the machines that make the most advanced chips, while Arm’s designs are found in almost all of the world’s smartphones.

Beyond leaders in the chip sector, the event brought together investors, founders and policymakers to discuss critical questions relating to technology: from cybercrime and child safety to health tech and artificial intelligence.

Below are the day’s highlights:

ASML Expects More US Pressure On Chip Sales to China
Fouquet said he’s expecting additional pressure on US allies to restrict sales of semiconductor technology to China, the Dutch company’s biggest market. Still, China, which is already banned from buying ASML’s most advanced machines, is mostly focused on producing more mainstream chips that are less relevant to national security concerns, he said. The company, which has a monopoly on the machines that make the most advanced semiconductors, cut its annual outlook last week and reported far fewer orders than analysts were expecting, sending shares plunging.