1. Peter Wennink, former CEO of ASML, predicts the US-China 'Chip War' could last for decades. 2. Wennink emphasizes ASML's long-term presence and commitment in China. 3. The US government's export restrictions on China have impacted ASML's operations.

1. The Nasdaq ends down 2%, S&P slides in tech- and tariff-led rout before U.S. jobs report; 2. Trump administration reportedly delays tariffs on certain Canadian goods until April 2; 3. Canada imposes 25% tariffs on $155B worth of U.S. goods in response to U.S. tariffs.

➀ Ed confides in his diary about leading the government's growth efforts; ➁ He proposes bringing Chinese EV manufacturers to the UK to stimulate the economy and meet net zero targets; ➂ The plan includes generous incentives for local authorities and benefits for both UK and European component manufacturers.

➀ Ed discusses his efforts to foster relationships with the new US administration, leveraging his past contacts in the semiconductor industry. ➁ He expresses hope to influence Elon Musk and secure favorable trade terms with the US. ➂ Ed mentions his investment in Tesla and Starlink contract as a gesture of commitment to fostering ties with the new administration.

➀ South Korea's exports surged 7.5% year-on-year in September, with semiconductors, wireless communication equipment, computers, cars, ships, and medical products leading the growth; ➁ Semiconductor exports, including memory chips, saw a significant increase, driven by the launch of new smartphones like the iPhone 16 and AI server investments; ➂ The country's trade surplus expanded to 67 billion USD, with exports to China and the US also witnessing growth.

➀ The Dutch government may not renew the permit allowing ASML to provide maintenance services to China, which expires at the end of 2024. ➁ This decision is reportedly made under pressure from the United States. ➂ The non-renewal could lead to some equipment becoming inoperable as early as 2025.

➀ Japan's exports grew for the eighth consecutive month in July, rising 10.3% year-on-year to 9.6 trillion yen, primarily driven by semiconductors and automobiles. ➁ Imports also increased, up 16.6% to 10.2 trillion yen, marking the fourth straight month of growth. ➂ The weak yen has contributed to the increase in export values, enhancing the competitiveness of Japanese products overseas.

➀ California Democrats urge US authorities to pause further restrictions on Chinese companies like Huawei, fearing damage to US competitiveness. ➁ Two California lawmakers, Alex Padilla and Zoe Lofgren, sent a letter to Alan Estevez, a major executive at the U.S. Commerce Department, requesting a pause in additional unilateral export controls. ➂ The Commerce Department is expected to respond soon, potentially offering relief to Huawei and other Chinese firms from export restrictions.