China is "dissatisfied" with the Dutch goverment's decision to expand export controls on ASML chipmaking equipment, the Chinese commerce ministry said in a statement on Sunday.
A slightly weaker-than-expected jobs report fed recession fears again. Last night's earnings "disappointment" from Broadcom is affecting all of its tech peers.
Analysts say changes won't impact ASML financially and that it's a good time to buy the stock.
Dutch semiconductor machinery giant ASML Holding NV has found itself in thrall of the Dutch government's alignment to US tech sanctions against China. At stake is ASML's mid-range deep ultraviolet (DUV) lithography technology- a crucial cog in the global semiconductor supply line of which ASML commands a global monopoly.
ASML caught a downgrade from a Wall Street analyst. Skepticism over AI-fueled growth is abounding.
The Dutch government on Friday said it would begin requiring export licences for two more of ASML's "Deep Ultraviolet" or DUV lithography tools, used in making computer chips, in the name of national security.
The Netherlands said it is expanding export restrictions on advanced semiconductor manufacturing equipment, bringing more of ASML's machines under curbs.
In the latest trading session, ASML (ASML) closed at $795.60, marking a -1.96% move from the previous day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Russian firms were able to obtain spare parts for 25-year-old ASML chipmaking machines in 2022 to 2023 on secondary markets despite European Union sanctions, Dutch newspaper Trouw reported on Thursday, citing Russian customs documents.
The chief executive of Dutch computer chip equipment supplier ASML on Wednesday said a U.S.-led campaign to restrict the company's exports to customers in China in the name of national security has become more "economically motivated" over time.
ASML's sales have been growing over the last 18 months as it rides the AI demand wave. The company is at risk of losing access to Chinese customers.