Dutch chip firm ASML says former China employee stole data | CNN Business

The breach may have violated certain export control regulations, the company said Wednesday in its annual report, adding that it did not believe the incident was material to its business. The firm has reported the infraction to authorities and is now adding new “remedial measures in light of this incident,” it added.

’s disclosure comes amid heightened scrutiny over who should have access to its technology. The company is known for its prowess in making lithography machines, which uses light to print patterns on silicon. That step is crucial in the mass production of microchips. A hot-button issue Because of its dominance in the market,

told CNN in a statement last month that rules were “being finalized” on export controls that could affect the company. However, the firm said it did not expect any material impact on its financial projections for 2023, citing initial comments by government officials and market conditions. has acknowledged that the company could face more threats as it continues to gain prominence. In its annual report, it noted that as its visibility continued to grow, “there is a risk that this may lead to actions that may adversely impact the security of

Can't believe everything we hear.

Because of US sanctions, there's shortage of chips and the prices are higher. Let them produce at cheaper rate and make it available at affordable rates all over the world, just like the rest of the things they do. They lift the living standard of people around the world.

Fake news, chinese don't need to steal technology from other countries any more cuz they can handmake .85nm chips from now

Please MarinSanna FinGovernment Finland_Nigeria what are you doing about an International Terrorist simon_ekpa hiding in your country causing the deaths of hundreds and thousands of Nigerians in the Southeast including pregnant women and children? Are you letting him free?

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Elderly protest health insurance cuts in China's Wuhan | CNN BusinessA protest broke out in central China's Wuhan on Wednesday as elderly residents showed their discontent with a local government reform to public health insurance that came into effect earlier this month. You people will never post good news about China same way u will never post bad news about the news. Hypocrisy media outlets number one
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