In April, Wennink departed after leading ASML for a decade, during which it grew to be the biggest technology company in Europe. Since 2018, the U.S. has been placing more limits on the company's ability to export tools to China, its second-biggest market following Taiwan, due to security reasons. Lately, the U.S. has aimed to prevent the company from maintaining support for machinery it has previously sold to Chinese buyers.
"These kinds of conversations aren't happening based on evidence, substance, figures, or information," Wennink mentioned.
"You're free to believe whatever you wish about that, but in our business, we need to balance the interests of our stakeholders," he added. "If ideology completely disregards that, it's a concern for me."
He pointed out that the company has been serving customers and employees in China for three decades, which means there are certain responsibilities involved.
In an effort to maintain equilibrium, Wennink mentioned that he has tried to influence decisions to avoid export restrictions becoming overly severe, while also voicing concerns to senior Chinese officials whenever he believed the company's intellectual property rights were being violated.
"I believe in Washington, at times, there might have been a perception that Mr. Wennink was aligned with China," he shared. "But that's not the case. My loyalty is to my customers, suppliers, employees, and shareholders."
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