ASML Shares Drop, CEO Says Geopolitical Risk Poses Challenge
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Shares of ASML Holding NV, sole producer of the most advanced machines used in semiconductor manufacturing, fell to the lowest level in more than a year after US President Donald Trump levied a 20% tariff on products coming from the European Union in a move that threatens to disrupt the company’s supply chain.
Tech executives in the European Union are still working out the impact to their businesses and supply chains. ASML is in a unique position, making the most advanced machines used in chip production, known as extreme ultraviolet, or EUV, lithography tools. Without ASML’s machines, it becomes impossible for semiconductor companies to produce the chips necessary for high-end smartphones and computers.