ASML Faces Growing Risks from US-China Tech War and Export Restrictions

The Dutch chip equipment manufacturer warns of significant business risks due to geopolitical tensions and expanding US-led export curbs to China.

ASML, the world's leading supplier of lithography systems for chipmakers, highlights the impact of US-China tech tensions and new export restrictions on its operations.
The company reports a potential 10-15% reduction in sales to China due to US and Dutch export curbs, after achieving record sales levels in 2023.
ASML's Chinese market, which accounted for over 25% of its revenue in 2023, faces challenges from further restrictions on advanced chip-making equipment.
The Dutch firm anticipates a semiconductor industry upturn but remains cautious due to the unpredictable effects of geopolitical developments.
ASML competes with new and traditional rivals, facing threats from companies driven by national ambitions for technological self-sufficiency.