Chip Industry’s China Crisis Hammers Lam But May Spare ASML
- Lam could lose nearly half of its China revenue in 2023
- ASML, meanwhile, sees ‘fairly limited’ impact from US curbs
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The Biden administration’s trade restrictions on China are wreaking havoc with the chip-equipment industry, but a pair of company forecasts shows that the pain won’t be spread evenly.
ASML Holding NV, a Dutch maker of semiconductor manufacturing gear, reassured investors with its latest outlook Wednesday, saying it sees “fairly limited” impact from the export controls. As a European company, ASML expects to be spared from the brunt of the restrictions, which are aimed at keeping cutting-edge US technology out of China and away from the country’s military.