ASML CEO Expects US To 'Apply Pressure' To Ramp Up China Chip Restrictions: What You Need To Know
Portfolio Pulse from Vaishali Prayag
ASML Holding NV's CEO anticipates increased U.S. pressure to tighten semiconductor sales restrictions to China. ASML, which dominates lithography machines, has not sold its most advanced machines to China due to export controls. Despite potential further restrictions, ASML expects market recovery by 2025.
October 22, 2024 | 5:46 pm
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ASML's CEO expects increased U.S. pressure to restrict semiconductor sales to China. ASML has not sold its most advanced machines to China due to export controls. Despite potential further restrictions, ASML anticipates market recovery by 2025.
ASML is directly impacted by U.S. export controls as it affects their largest market, China. However, ASML has not sold its most advanced machines to China, which mitigates some risk. The CEO's expectation of market recovery by 2025 suggests a neutral short-term impact.
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