Christophe Fouquet, CEO of ASML, emphasizes the global need for legacy chips produced by Chinese manufacturers, highlighting their importance in various industries like automotive. As the U.S. imposes restrictions on advanced technology, Chinese firms are increasing production of these older chips, causing concerns about oversupply. Despite rising global demand, Western companies are not investing sufficiently in these chips, leading to an imbalance in meeting needs. Chinese chipmakers are projected to significantly boost capacity in 2025, surpassing the rest of the world, with implications for global production levels and supply chains.