The head of Dutch giant ASML, which makes chip-making machines that power the tech industry, Wednesday welcomed the emergence of China's low-cost AI firm DeepSeek and predicted others would disrupt the sector.

Computer chip equipment maker ASML's CEO on Wednesday made the case that the advent of efficient AI models such as one China's DeepSeek has launched is a net positive for chip markets. Christophe Fouquet said that perceptions of AI spending are skewed by the massive investments being made by "hyperscalers" - companies such as Google,