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☆ European shares slip as investors weigh earnings reports
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

Jan 25 (Reuters) - European stocks inched lower on Wednesday as investors assessed a slew of earnings reports including chip equipment maker ASML's, while fears of more interest rate hikes kept investors on edge. The pan-European STOXX 600 (.STOXX) fell 0.2% by 0816 GMT, with technology (.SX8P) and financials declining the most. Shares of ASML Holding NV (ASML.AS) lost 2% and were among the top drags on the STOXX 600, despite forecasting sales growth of more than 25% for 2023. Lonza Group AG (LONN.S) fell 2.8%, even as the Swiss drug contract manufacturer reaffirmed its longer-term growth prospects. Investors will monitor Germany's 2023 annual economic report in Berlin due at 1315 GMT amid easing fears of a recession in the euro zone's largest economy.

☆ Dutch export rules on China in focus ahead of ASML results
▼ + stars: | 2023-01-20 | by ( Tosterling Stephanie Van Den Berg | Stephanie Van Den Berg | ) www.reuters.com time to read: +4 min

One is making sure Dutch rules are drafted in such a way that they are not actually more restrictive for ASML than for U.S. companies. ASML is expected to post fourth-quarter net income of 1.68 billion euros ($1.82 billion) on record revenue of 6.37 billion euros, according to Refinitiv Eikon data. In November ASML raised its annual revenue estimates by 25% to at least 30 billion euros by 2025. There could be further losses from tougher Dutch rules, if for example, limits are re-applied to sales to China of older technology deep ultraviolet lithography (DUV) equipment. ASML has sold more than 8 billion euros worth of such equipment in China since 2014, when DUV was removed from international lists of goods deemed of possible military use.

☆ Dutch defence ministry advised against ASML exports to China in 2020 -FD
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eva Plevier/File PhotoAMSTERDAM, Jan 20 (Reuters) - The Netherlands' defence ministry advised the government in 2020 not to allow semiconductor equipment supplier ASML Holding NV (ASML.AS) to export any of its most modern machines to China, Dutch newspaper Het Financieele Dagblad reported on Friday. The advice has been heeded, as ASML has not shipped EUV technology to Chinese customers. The publication comes as the Dutch government is weighing additional restrictions on ASML's exports of older equipment to China. Prime Minister Mark Rutte said on Jan. 17 he expected a "good outcome" to discussions with the United States on the matter after meeting with President Joe Biden in Washington. "In addition our most important strategic security partner, the United States, has made an urgent appeal to the Netherlands not to export the EUV technology to China."

☆ 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 plans curbs on chip exports to China in deal with U.S.-Bloomberg News
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 7 (Reuters) - Dutch officials are planning to enforce new controls on exports of chip-making equipment to China, Bloomberg News reported on Wednesday, citing people familiar with the matter. The report comes after Dutch Trade Minister Liesje Schreinemacher last month said the Netherlands was in talks with the U.S. government about new export restrictions for semiconductor equipment to China. ASML is a key maker of semiconductor equipment, with more than 2 billion euros ($2.1 billion) of sales to customers in China in 2021. According to Bloomberg, an agreement regarding the Dutch curbs on chip exports could come as soon as next month, adding that it is unclear what the new restrictions mean for ASML's sales to China. China is also the Netherlands' second-largest trade partner after Germany, according to the Dutch statistics office CBS.

☆ A globally critical chip firm is driving a wedge between the U.S. and Netherlands over China tech policy
▼ + stars: | 2022-12-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

The U.S. has been putting pressure on the Netherlands to block exports to China of high-tech semiconductor equipment. The Netherlands is home to ASML, one of the most important companies in the global semiconductor supply chain. Instead, it makes and sells $200 million extreme ultraviolet (EUV) lithography machines to semiconductor manufacturers like Taiwan's TSMC. ASML has not been able to ship an EUV machine to China since 2019 due to various Dutch export restrictions, according to a company spokesperson. According to a Reuters report from 2020, the Dutch government withdrew ASML's license to export its EUV machines to China after extensive lobbying from the U.S. government.

REUTERS/Florence Lo/IllustrationTAIPEI, Nov 16 (Reuters) - Taiwan President Tsai Ing-wen has decried "rumours" about the risk of investing in the island's key semiconductor industry, saying the government was working hard to ensure such investments continued. But the Chinese military's menacing of the island to assert Beijing's sovereignty claims, especially after U.S. House Speaker Nancy Pelosi visited Taipei in August, is causing the chip industry to rethink the risk over Taiwan. Meeting Frederic Schneider-Maunoury, chief operations officer of ASML Holding NV (ASML.AS), a key equipment supplier to chip companies like TSMC, Tsai praised the European company for its commitment to investing in Taiwan. "I believe that this also discredits rumours of excessive speculation about Taiwan's risk," she added. Tsai said that investing in Taiwan was "definitely a very correct direction" and the government will continue to provide support.

☆ 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.

☆ European shares inch higher as ASML's results lift chip stocks
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

Oct 19 (Reuters) - European shares edged higher on Wednesday, as semiconductor firm ASML's upbeat results lifted the technology sector and bolstered hopes for a strong earnings season, though gains were capped by lingering fears about surging inflation and interest rates. read moreShares of other chip stocks, including ASM International , BE Semiconductor (BESI.AS) and Aixtron (AIXGn.DE), rose between 0.7% and 6%, boosting the technology sector (.SX8P). Among other single stocks, Handelsbanken (SHBa.ST) rose 5.1% after the Swedish bank reported record operating earnings, helped by a jump in interest income. read moreNestle (NESN.S) raised its full-year sales outlook, but the company's CEO raised concerns about the "challenging economic environment" affecting consumers' purchasing power. Register now for FREE unlimited access to Reuters.com RegisterReporting by Amruta Khandekar in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

☆ ASML to report Q3 earnings as China, supply chain questions swirl
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

Europe's largest technology company is working through a 33 billion euro ($32.5 billion) order backlog that stretches into 2024. Previous U.S. diplomacy has led to the Dutch government barring ASML from shipping its most advanced machines to China since 2019. However, in 2021, 16% of ASML sales still went to customers in China, an important manufacturer of older chips used in sensors and power controls. ASML will update markets in November as to whether it can expand production capacity significantly by 2025. ($1 = 1.0156 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Toby Sterling Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ ASML shares fall 7% after TSMC says it's cutting capital spending
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, Oct 13 (Reuters) - Shares in Dutch semiconductor equipment maker ASML (ASML.AS) fell 7% on Thursday after its biggest customer Taiwan Semiconductor Manufacturing Co (TSMC) cut its forecasts for capital spending by 10% this year, citing in part equipment delays. ASML, Europe's largest technology company, did not immediately respond to requests for comment. The company's shares were down 7.0% at 385.10 euros ($371.93) at 1259 GMT. ASML has forecast third quarter sales of 5.1 billion -5.4 billion euros ($4.93 billion-$5.22 billion). ($1 = 1.0354 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Toby Sterling; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ Globally critical chip firm tells U.S. staff to stop servicing China customers after Biden export curbs
▼ + stars: | 2022-10-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. A fab is a another name for a chip manufacturing plant. Last week, the U.S. government enacted sweeping rules that aimed to cut off China from key chips and semiconductor manufacturing equipment. Washington is concerned in particular about China obtaining access for the most advanced chips that can be used in military applications, artificial intelligence or super computing.

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