ASML's China Business In Crosshairs Of Dutch Government: Semiconductors At Center Of East-West Tensions

Quick Summary:

The move is expected to vastly affect China's ability to produce advanced semiconductors and could also hurt ASML's business, as it would deter Chinese companies from purchasing new ASML machines.

The Netherlands' recently elected prime minister is expected to block ASML Holding NV (NASDAQ:ASML) from assisting Chinese companies with repair and maintenance services.

Dutch company ASML is a top player in the semiconductor industry, and the only supplier of extreme ultraviolet lithography machines, which are required to manufacture the world's most powerful chips.

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Article Details

Author / Journalist: Natan Ponieman

Category: Technology

Markets: United StatesChinaJapanSouth KoreaNetherlandsTaiwan

Topics: Artificial intelligence SOXX ASML Asia USN070591862 News INTC Global Sector ETFs Benzinga Tech ETFs Politics Top Stories SOXL General Stories That Matter US8740391003 TSM Markets US8166362033 US4642875235 SMH Media US25459W4583 Semiconductors US4581401001 AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 20:24:40 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 744 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22300718

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