ASML Sees ‘Fairly Limited’ Impact From New US Curbs on China
- The Dutch company says it uses only limited US technology
- The chip firm expects potential impact of 5% on its backlog
An ASML Holding manufacturing plant in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Key chip equipment supplier ASML Holding NV said it sees “fairly limited” impact from the latest US export control measures to restrict China’s access to cutting-edge semiconductor technologies, a fact that highlights the challenges Washington faces with its efforts to get allies on board to suppress China’s technological rise.
“The fact that we are a European company with limited US technology in it of course creates this situation where a direct impact on us is fairly limited,” ASML Chief Financial Officer Roger Dassen said in a video released together with earnings on Wednesday, adding that the company will comply with US regulations.