US Pressure Leads to Cancellation of ASML Chip Equipment Shipments to China

Dutch Government Revokes Export License Amid Ongoing Tech War

ASML, a Dutch manufacturer of semiconductor equipment, has been forced to cancel some shipments to China due to pressure from the US government.
The Dutch government has partially revoked an export license for ASML's NXT:2050i and NXT:2100i lithography systems, which are crucial for manufacturing advanced microprocessors.
The move is part of the US's efforts to curb China's semiconductor ambitions, which have economic and national security implications.
ASML is the only company in the world that manufactures extreme ultraviolet (EUV) lithography machines, which are essential for a wide variety of modern technologies.
Despite the revocation of the export license, ASML does not anticipate a significant impact on its financial outlook for 2023.