1: PREVIEW HEADLINE: China's Failed Attempt to Reverse Engineer ASML's Top-Tier Fab Machines: Intellectual Property at Risk GUEST NAME: Theresa Fallon (speaking from Brussels) 100-WORD SUMMARY: John B

PREVIEW HEADLINE: China's Failed Attempt to Reverse Engineer ASML's Top-Tier Fab Machines: Intellectual Property at Risk GUEST NAME: Theresa Fallon (speaking from Brussels) 100-WORD SUMMARY: John Batchelor and Theresa Fallon discussed an anecdote illustrating the risk to intellectual property posed by the People's Republic of China concerning ASML, a critical manufacturer of fab machines necessary for TSMC to create top-of-the-line microchips for AI. Fallon shared that high-level ASML engineers were sent to China to "repair" an older machine the Chinese had acquired before sanctions. The engineers discovered the machine was not broken but had been completely taken apart. The Chinese were attempting to reverse engineer the very advanced machinery but were unable to put it back together again properly. This failure led the Chinese to call in the ASML engineers. The conversation highlights China's efforts to acquire proprietary technology by trying to take apart sophisticated equipment. 1963