Stupid Americans came out with the decoupling and derisking concepts to con stupid Europeans to cripple their own competitiveness and industries. The superficial objectives of these concepts were touted as weapons to stop China's growth but instead, when put into practice, the victims were the European companies and industries and also the European economies.
Applying these concepts, like sanctions and keeping China out of the space programme have very clear objectives, with China the targeted country and the victim. In the case of chips and chip making machine, weaponising them against China is a double edged sword as the chips and chip making machine need buyers and China is the biggest buyers. Decoupling and derisking are totally insane acts that hurt the Europeans more than they hurt China. It is obvious that stupid European industries like ASML is hurting badly, and so do American chip manufacturers.
Decoupling and derisking are necessary when a party is a victim of another party that is weaponsing its strength to weaken or disadvantage the victim party. China or Russia should be the parties to practise decoupling and derisking to protect themselves. A good example is China decoupling/derisking from Australia's iron ore. When China is over dependent on Australian iron ore and the later was abusing its privilege of being the biggest supplier, it is in China's interest to decouple and derisk. China just did that to kill the Australian iron ore suppliers. China is also decoupling from American suppliers for chips and agriculture products like soya beans and poultry.
Now, why would ASML want to decouple and derisk from selling its highly lucrative chip making machine to China? Why would European countries that are highly dependent and benefiting from cheap Russian oil and gas think it is good to decouple/derisk from Russian suppliers? In the same vein, why would Wallmart want to decouple/derisk from Chinese suppliers, or Apple doing the same? The only reason, if any, is when China starts to weaponise its products and supplies to the users and consumers. Is China doing that? Is Russia weaponising its supplies of oil and gas?
Why would the rest of the world start a stampede to decouple and derisk from the American dollar and financial system? Exactly, the Americans are weaponising the dollar and financial systems against everyone at its whim and fancy. There are real and serious consequences not to decouple and derisk from the American dollar and financial systems.
On the other hand, ASML, chip makers, Apple, Ford, GM and many American and European companies, especially Mercedes, Volkswagen, BMW, Audi etc are having a symbiotic relationship with China and Russia, and benefiting from the relationships. The choice is obvious. When would American and European companies stupidly listen to the Washington narrative and want to decouple and derisk from Russia and China when the result is to their detriment?
Are the European leaders and industries leaders that stupid to cut their nose to spike their face? Or they had no choice, under coercion of the American Empire and do they die, don't do as told by the evil Americans they would also die?
The economies and industries of America and Europe are suffering badly. China too is affected, but this would be temporary as China is fully capable to developing its own needs and be self sufficient, just like the China Space Station and Space industries.
While the Europeans continue to be stupid and unthinking and blindly move along to decouple and derisk from the factory of the world and the biggest consumer market, the only thing to say is, 'Good Riddance' to bad rubbish and stupidity. In the case of ASML, it is not just decoupling/derisking, they are weaponsing the supply of chip making machine against China. But not to worry. They are hurting themselves as China would develop its own chip making machine and ASML can forget about the biggest buyers, just like Boeing. China would not buy from them any more.
They did not know why they want to decouple and want to derisk from China and Russia. Oh stupid South Korea and Japan are also in the same boat.
PS.China does not weaponise its products and services, including rare earth, until the Americans forced it upon China.