ASML’s CEO Pushes Back on Further Export Restrictions to China

Dutch chip-gear giant ASML Holding NV has “given up enough” with the pre-existing restrictions on its sales to China, Chief Executive Officer Peter Wennink said.

With an effective ban already in place on its cutting-edge extreme ultraviolet lithography, or EUV, machines, ASML “has already surrendered,” Wennink told Dutch newspaper NRC in an interview late Tuesday. Wennink said US chip-gear makers benefited from that restriction as more than 25% of their revenue comes from China, whereas the country accounts for 15% of ASML’s sales.