Dutch Chip Equipment Maker ASML Halts Planned Exports To China Following US Administration's Influence
Portfolio Pulse from Benzinga Neuro
ASML Holding NV has stopped planned exports of deep ultraviolet lithography machines to China following pressure from the U.S. administration. This action aligns with the U.S. strategy to limit China's technological advancements in semiconductors. ASML's CEO, Peter Wennink, warns that this could lead to China developing its own technology, potentially affecting 15% of ASML's sales in China. The U.S. has also influenced NVIDIA Corp to sell a modified version of its gaming chip in China due to export controls.
January 02, 2024 | 8:22 am
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ASML has ceased some exports to China due to U.S. intervention, which could affect up to 15% of its sales in the region and may lead to long-term competitive threats if China develops similar technology.
The halt in exports directly impacts ASML's sales and could lead to a decrease in stock price due to the potential loss of revenue and the risk of China developing competing technology.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA has been affected by U.S. export controls, leading to the sale of a modified gaming chip in China, which could impact its market share and revenue in the region.
NVIDIA's need to sell a modified chip in China due to U.S. export controls may negatively impact its competitive edge and revenue in the Chinese market, possibly affecting its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70