Overview

• 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.