ASML Anticipates Growth in 2026 Amid Ongoing US-China Export Tensions

The Dutch chip equipment maker foresees sustained US pressure for export restrictions to China, impacting its sales strategy.

ASML CEO Christophe Fouquet expects 2026 to be a growth year, despite a slowdown in 2025 due to a weak electronics market.
US pressure to restrict semiconductor technology exports to China is expected to continue, affecting ASML's business operations.
ASML's sales to China, primarily focused on mature technology, are projected to decrease from 50% to 20% of its total sales.
The Dutch government is navigating its position between US demands and its economic interests in China, questioning the effectiveness of further restrictions.
ASML maintains a monopoly on advanced lithography machines, which are crucial for producing high-tech semiconductors.