There was a surge in sales of ASML’s advanced chipmaking tools to China last year — ahead of the Dutch ban.
In the fourth quarter of 2023, China accounted for 39% of ASML’s total revenue, according to the company.
For 2023 as a whole, China’s share of ASML’s revenue was 29%, doubling from 14% in 2022.
“China’s access to [these high-end chipmaking] machines is key to its commercialization of 7-nanometer logic chips,” they added.
“China has been aggressively buying semiconductor equipment to build out production lines in both advanced and mature nodes,” according to Jefferies.
Persons:
Xi Jinping, Mark Rutte, ASML, ” Xi, Rutte, Wang Wentao, Geoffrey van Leeuwen, ” Wang, “, ” Jefferies, Jefferies
Organizations:
Hong Kong CNN, Dutch, United, ”, Dutch Trade, Huawei, China’s Semiconductor Manufacturing International Corporation
Locations:
Hong Kong, China, Netherlands, Beijing, United States, Europe