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☆ Dutch chip equipment maker ASML's CEO questions U.S. export rules on China -newspaper
▼ + stars: | 2022-12-13 | by ( ) www.reuters.com time to read: +2 min

"Maybe they think we should come across the table, but ASML has already sacrificed," CEO Peter Wennink said in an interview with newspaper NRC Handelsblad. He said that while 15% of ASML's sales are in China, at U.S. chip equipment suppliers "it is 25 or sometimes more than 30%". Washington is urging the Netherlands, Japan and other unspecified countries with companies that make cutting edge manufacturing equipment to adopt similar rules. Wennink said it seemed contradictory that U.S. chip manufacturers are able to sell their most advanced chips to Chinese customers, while ASML is only able to sell older chipmaking equipment. (Yet) the technology used to make such chips can still be sold to China," he added.

☆ Netherlands in talks with U.S. on China chip policy - Dutch trade minister
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Nov 25 (Reuters) - Dutch trade minister Liesje Schreinemacher said on Friday the Netherlands is in talks with the U.S. government about new export restrictions for semiconductor equipment to China. New U.S. export restrictions on chip equipment announced in October reach beyond currently agreed international definitions of what constitutes dual-use equipment. "Well we are having talks with the U.S., obviously they have announced their unilateral measures," Schreinemacher told reporters in Brussels. "We do share the concerns that they (the U.S. government) have when it comes to China, when it comes to security," Schreinemacher said. At the G20 conference in Bali, Chinese President Xi Jinping called on Dutch Prime Minister Mark Rutte to resist "the politicisation of economic and trade issues."

☆ ASML CEO: Would not change 2030 growth targets if China excluded
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, Nov 11 (Reuters) - ASML Holding NV (ASML.AS), a key supplier to semiconductor manufacturers, would not change its 2030 forecasts much if Chinese chipmakers are unable to expand their capacity beyond current levels, CEO Peter Wennink told investors on Friday. Speaking at a meeting with investors, Wennink said "if the geopolitical situation is such, which I would not expect, but that, for instance China would absolutely be excluded from any growth, the demand is there. "So it doesn't change the 2030 picture that much." ASML on Thursday upgraded its long term forecasts for 2025 and 2030, saying it expects demand for its products to be strong in the coming decade. It expects sales to grow to 44-60 billion euros in 2030, from 18.6 billion euros in 2021.

☆ ASML shrugs off slowdown, U.S. China sanctions, reports strong Q3
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +3 min

Europe's largest technology company also said it did not expect a large impact from U.S. sanctions on China. This resulted in record bookings in the third quarter of around 8.9 billion euros," he said in a statement. ASML's backlog is now at 38 billion euros, and it is seeking to expand its own production capacity by 2025. ASML reported third-quarter net profit of 1.7 billion euros ($1.7 billion) on sales of 5.8 billion euros, beating analyst forecasts of profit of 1.42 billion euros and 5.41 billion euros in sales. ASML has been restricted by the Dutch government in shipping its best machines to China, due to U.S. diplomatic influence, since 2019.

☆ ASML reports strong Q3, says it is not hit by U.S. China sanctions
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

This resulted in record bookings in the third quarter of around 8.9 billion euros," he said. ASML's third-quarter net profit was 1.7 billion euros ($1.7 billion), on sales of 5.8 billion euros, beating analyst forecasts of profit of 1.42 billion euros, on sales of 5.41 billion euros. By comparison in the second quarter of 2022, ASML had income of 1.70 billion euros on sales of 5.78 billion euros. ASML has been restricted by the Dutch government in shipping its best machines to China, due to U.S. diplomatic influence, since 2019. "We can continue to ship non-EUV (less advanced) lithography tools out of Europe to China," the company said.

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