ASML CEO Says US Restricts Servicing Some China Equipment, Won’t Hurt Earnings
AMSTERDAM (Reuters) – The outgoing chief executive of top semiconductor equipment supplier ASML said on Wednesday that the U.S. government will prevent the company from servicing some machines it has previously sold to Chinese customers in some cases. Such restrictions “will not have a significant effect on the 2025 to 2030 financials, because it will be a limited number” of Chinese plants that are affected, Peter Wennink said. ASML, the largest maker of equipment used to manufacture computer chips, has faced a series of restrictions and licensing requirements from the U.S. and Dutch governments in selling its more advanced equipment lines to Chinese customers. The restrictions are part of Washington’s campaign to slow Beijing’s military advances and undermine its ability to manufacture its own chips. In April, the U.S. government began pressuring the Dutch government to prevent ASML from servicing some of the billions of euros worth of tools it has already sold to Chinese customers, including in some cases equipment whose export was approved or that had been sold before new restrictions were introduced …