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Al-Swaha, Leaders of Major Global Technology Companies Discuss Partnerships

Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai in Davos. SPA
Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai in Davos. SPA
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Al-Swaha, Leaders of Major Global Technology Companies Discuss Partnerships

Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai in Davos. SPA
Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai in Davos. SPA

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha held several meetings in Davos with leaders of major international technology companies to discuss the expansion of their projects and innovative solutions in the Kingdom.

The meetings came as part of the Kingdom's participation in the annual meeting of the World Economic Forum in Davos, Switzerland.

Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai.

Al-Swaha also held talks with Japanese Minister of Digital Transformation Taro Kano.

The ministers discussed strengthening the strategic partnership between the two friendly countries, joint initiatives, and ways to deepen cooperation in the areas of supporting the growth of the digital economy, innovation, digital entrepreneurship, and encouraging technical investments.

They also discussed the possibility of establishing joint programs to exchange expertise, support government digital transformation, and harness emerging technologies to support the digital economy.

Al-Swaha met separately with Indian Minister for Railways, Communications, and Electronics & Information Technology Ashwini Vaishnaw.
They discussed the progress made in digital and innovative initiatives within the Saudi-Indian Strategic Partnership Council, aimed at supporting the growth of the digital economy and stimulating innovation and entrepreneurship between the two countries.

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Former ASML CEO says US-China Chip Fight Will Continue

Peter Wennink, President and CEO of Dutch chip machine maker ASML presents his company's Q4 results, in Veldhoven, Netherlands January 24, 2024. REUTERS/Piroschka van de Wouw/File Photo Purchase Licensing Rights
Peter Wennink, President and CEO of Dutch chip machine maker ASML presents his company's Q4 results, in Veldhoven, Netherlands January 24, 2024. REUTERS/Piroschka van de Wouw/File Photo Purchase Licensing Rights
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Former ASML CEO says US-China Chip Fight Will Continue

Peter Wennink, President and CEO of Dutch chip machine maker ASML presents his company's Q4 results, in Veldhoven, Netherlands January 24, 2024. REUTERS/Piroschka van de Wouw/File Photo Purchase Licensing Rights
Peter Wennink, President and CEO of Dutch chip machine maker ASML presents his company's Q4 results, in Veldhoven, Netherlands January 24, 2024. REUTERS/Piroschka van de Wouw/File Photo Purchase Licensing Rights

The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that US-China disputes over computer chips are ideological and not based on facts, and they are set to continue.

Wennink left in April after a ten year term at the helm of ASML that saw it become Europe's largest technology firm. Since 2018, the US has imposed increasing restrictions on what tools the company can export to China, its second-largest market after Taiwan, citing security concerns. According to Reuters, most recently the US has sought to keep the company from servicing equipment already sold to Chinese customers.

"These kind of discussions are not being conducted on the basis of facts or content or numbers or data but on the basis of ideology," Wennink said.

"You can think whatever you want about that, but we're a business where the interests of your stakeholders have to be managed in balance ... If ideology cuts straight through that, I have problems with that."

He said the company has had customers and staff in China for 30 years "so you also have obligations".

As part of seeking to strike a balance, Wennink said he had lobbied where possible to prevent export restrictions from becoming too tight, and at the same time he had complained to high-ranking Chinese politicians when he felt the company's intellectual property wasn't being respected.

"I think in Washington, maybe they sometimes thought, that Mr. Wennink, maybe he's a friend of China," he said.

"No. I'm a friend to my customers, to my suppliers, to my employees, to my shareholders."

He forecast that given geopolitical interests are at stake, the chip war could take decades to play out.

"This is going to go on for a while," he said.