Please try another search
ASML Holding NV (ASML) shares fell more than 2% in early Tuesday trade following reports that the Dutch manufacturer canceled shipments of some high-end chipmaking machines to China at the request of the U.S. President Joe Biden's administration.
The cancellation occurred weeks before export bans on such equipment were set to take effect.
ASML had licenses to ship advanced deep ultraviolet lithography machines to Chinese firms until January, but U.S. officials intervened, urging an immediate halt to pre-scheduled shipments.
The Dutch government also partially revoked licenses for certain lithography systems to China, impacting a small number of customers. ASML, however, assures that these changes won't affect its 2023 financial outlook.
“In recent discussions with the US government, ASML has obtained further clarification of the scope and impact of the US export control regulations. The latest US export rules (published October 17, 2023) impose restrictions on certain mid critical DUV immersion lithography systems for a limited number of advanced production facilities,” the company said.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.