US export restrictions hinder EU's semiconductor ambitions, impacting ASML's China revenue.

U.S. export restrictions on advanced chip-making equipment are hindering the EU's semiconductor ambitions, particularly affecting ASML, a Dutch company heavily reliant on the Chinese market, which constituted 49% of its sales. Following the restrictions, ASML's shares fell 20%, and it expects revenue from China to drop to 20% next year. The situation complicates the EU's plans to bolster its semiconductor supply chain amidst skilled labor shortages and delayed expansions from major firms.

October 19, 2024
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