ASML's Q3 orders plummet 54% to 2.6B EUR due to US chip export restrictions to China, affecting stock and status.

ASML, a Dutch semiconductor firm, reported a sharp decline in third-quarter orders, dropping to 2.6 billion euros from 5.6 billion euros, partly due to U.S. export restrictions on chip-making equipment to China. This has impacted ASML's stock and its status as Europe's top tech company. Critics argue that U.S. trade policies, justified by "national security," aim to maintain American tech dominance while constraining global competition.

October 21, 2024
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