ASML’s chip equipment sales to China soar 109% despite US export curb push
Dutch semiconductor giant sees shipments to China double as US pushes for tighter restrictions
Quick Look
- ASML reports a 109% surge in quarterly sales to China, with the market now accounting for 23% of total revenue.
- This growth occurs despite increasing pressure from the US government on the Dutch administration to tighten export restrictions on chipmaking equipment.
AI-generated summary
Why It Matters
ASML is a key supplier of advanced lithography machines used in chip manufacturing. The company is currently caught between US export restrictions and significant demand from the Chinese market.
Dutch semiconductor equipment giant ASML expects China to account for about 20 per cent of its total sales this year, after seeing shipments to the market more than double during the previous quarter despite mounting US pressure for tighter export restrictions on less advanced chipmaking machinery.
The company’s sales to China surged 109 per cent in the third quarter compared with the previous three months, according to financial results released on Wednesday. That took China’s share of ASML’s machine sales to 23 per cent, up from 14 per cent in the second quarter.
The revenue jump comes as Dutch Prime Minister Rob Jetten faces pressure from Washington to tighten restrictions on sales of chipmaking machines to China.
Open Questions
- Will the Dutch government implement stricter export controls?
- How will China respond to potential further restrictions?
