China's Chip Tool Push Shows ASML Caught in US-China Squeeze
The report highlights a possible Chinese rival as US export controls squeeze ASML’s China sales and investors erase more than €60 billion in value.
9 Articles
9 Articles
US export curbs could boost China's chipmaking push, analysts say
Western concerns over China’s reported breakthrough in domestic chipmaking equipment may be premature, with analysts saying Dutch semiconductor equipment giant ASML still holds a significant technological lead. A state-backed company in Shanghai has begun manufacturing immersion deep ultraviolet (DUV) lithography machines, with about five systems expected this year and around 20 more in 2027. The first tools are reportedly set to be deployed at …
ASML's China problem couldn't have come at a worse time: Lionel Laurent
Bloomberg's Lionel Laurent argues that reports of a Chinese firm nearing production of rival chipmaking machines have rattled ASML investors at the worst possible time, given the Dutch company's AI-driven sales boom. While analysts still see China 7-10 years behind ASML's technology, the bigger worry is that US-led export controls meant to contain Beijing have instead accelerated its push for self-sufficiency. For South Africa, watching from the…
Dutch chip machine manufacturer ASM International is in intense talks with the White House regarding the proposed Match Act. With this law, the US aims to restrict the export of advanced chips to China, including those by Dutch chip companies. ASM CFO Paul Verhagen ‘fundamentally disagrees’ with the law but is not considering legal action. ‘We are trying to manage it as best we can.’
The ASML share has sent out reports about ready-to-production chip machines in China, but this crash is unfounded: neither market position nor sales prospects are at risk. This is due to a particular strength of the Group.
China's chip tool push shows ASML caught in US-China squeeze
On the one hand, US controls on exports of high-tech goods to China are threatening to reduce access to a major market; and on the other, Beijing's push for technological independence in areas such as chip production raises the possibility of a China-based competitor.
According to reports about Chinese chip exposures, the ASML share broke in. But market observers see great technological hurdles. Why the competition is less dangerous than feared.
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