Richard Parks Dutch chip equipment maker ASML expects minimal impact from new US restrictions on AI chip exports to China. The company maintained its guidance for 2024 and 2025, stating no material effect on its business. ASML shares rose 0.9% to €664 following the announcement.
Limited Impact and Exemptions
The US tightened controls on AI chip exports, targeting products with US technology. However, ASML and Tokyo Electron Ltd. were exempted to ensure effective global cooperation. ASML warned that Dutch authorities could impose similar restrictions, potentially affecting its DUV immersion lithography systems for China.
In September, the Dutch government required ASML to obtain licenses for supplying parts and updates to Chinese clients. Despite these measures, ASML expects limited business disruption.
Strong Long-Term Outlook
ASML reaffirmed its 2025 revenue target of €30–35 billion, with China contributing 20%. While weak third-quarter earnings caused a temporary stock drop, shares recovered in November.
CEO Christophe Fouquet remains optimistic, projecting annual sales of €44–60 billion by 2030, driven by robust semiconductor demand. ASML emphasized that its long-term outlook reflects global wafer demand, not regional factors.