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US-China tech war: Dutch chip tool giant ASML says geopolitics, new export curbs remain risks
- ASML says the list of Chinese entities impacted by export controls has increased since 2022, and the scope of the restrictions are subject to change
- The firm also warns of new competition from rivals ‘driven by the ambition of self-sufficiency in the geopolitical context’
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ASML, the largest supplier of equipment to computer chip makers, said on Wednesday that geopolitical tensions and any expansion of a US-led campaign to restrict its exports to China remain business risks.
In its annual report published on Wednesday, the Dutch company flagged the growing list of restrictions imposed by the United States, mostly with the assent of the Dutch government.
Those include Dutch licensing requirements for most of ASML’s advanced product lines, as well as a unilateral move by the US in October 2023 to restrict exports of older equipment to unspecified Chinese plants.
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“The list of Chinese entities impacted by export control restrictions has increased since 2022,” the company wrote.
“The list of restricted customers and the scope of the restrictions are subject to change.”
In January, it said it expects US and Dutch export curbs to reduce sales of its mid-range immersion deep ultraviolet (DUV) product lines to China by about 10 per cent to 15 per cent this year, after they hit record levels in 2023.
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