Space News from SpaceDaily.com
ASML sees business as usual despite US chip export curbs
ADVERTISEMENT


The Hague, Dec 3 (AFP) Dec 03, 2024
Dutch tech giant ASML, which supplies chip-making machines for the semiconductor industry, brushed off the announcement of fresh US export curbs to China, keeping its forecasts unchanged.

Washington on Monday unveiled a fresh set of restrictions on 140 companies including top Chinese chip firms, as the United States and its Western allies seek to prevent the technology from being used for military purposes.

National Security Advisor Jake Sullivan said the United States would work with allies to "proactively and aggressively safeguard our world-leading technologies and know-how."

If the Netherlands follows suit -- as is likely -- ASML said exports of its high-end DUV chip-making machines would also be affected but saw no impact on its bottom line.

"For 2024, we do not expect any direct material impact on our business," said the firm in a statement late Monday.

"For 2025, we expect that the impact will fall within what was communicated at the time of our Q3 2024 (third quarter) earnings," added ASML.

The firm projected total net sales for next year of between 30 to 35 billion euros ($32-$37 billion), with sales from China making up around one fifth of that.

Over the longer-term, ASML said the new curbs did not impact its predictions for the health of the industry as a whole.

"We therefore also confirm potential 2030 scenarios for annual total net sales between approximately 44 billion and 60 billion euros," said ASML.

Investors appeared cheered by the news, with ASML stock opening up 1.5 percent on Tuesday, the top gainer on the Dutch AEX market, which rose 0.4 percent overall at the start of trading.


ADVERTISEMENT





Space News from SpaceDaily.com
SpaceX eyes IPO timed to planet alignment and Musk birthday: report
Earliest launch window to ISS set for February 11: NASA
Why PR Boxes Are Powerful Tools for Product Launches

24/7 Energy News Coverage
Gold soars towards $5,600 as Trump rattles sabre over Iran
Online platforms offer filtering to fight AI slop; EU lawmakers want AI to pay for using copyrighted work
Electron ordering mapped in quantum material with cryogenic 4D-STEM

Military Space News, Nuclear Weapons, Missile Defense
North Korea to soon unveil 'next-stage' nuclear plans, Kim says
Greenland dispute is 'wake-up call' for Europe: Macron
Trump warns US to end support for Iraq if Maliki returns

24/7 News Coverage
NASA advances space based tracking of marine debris
Trump-era trade stress leads Western powers to China
Trump troop deployments in US cities cost nearly $500 mn in 2025



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.