ASML CEO: Consolidation Has Run Its Course in Semiconductor Sector
17 November 2016 - 8:18PM
Dow Jones News
By Stu Woo
BARCELONA--ASML Holding NV Chief Executive Peter Wennink said
Thursday that he expected no more consolidation in the near future
in the semiconductor industry in part because of regulatory
concerns.
"I personally do not expect any more consolidation the
industry," Mr. Wennink said at a Morgan Stanley conference in
Barcelona.
Mr. Wennink, whose Dutch company makes chip-making equipment,
said the four or five biggest semiconductor companies would get
bigger while smaller players would focus on niches.
Qualcomm Inc. in October agreed to acquire another Dutch chip
company, NXP Semiconductors NV, for $39 billion.
Write to Stu Woo at stu.woo@wsj.com
(END) Dow Jones Newswires
November 17, 2016 04:03 ET (09:03 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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