Tech war: AMSL’s China shipments rebound in second quarter but further restrictions loom

Quick Summary:

ASML said its second quarter shipments to China accounted for nearly half of its worldwide total, despite US export restrictions on its most advanced machines.

Chinese demand has proven resilient despite intensified US sanctions imposed last October, aimed at cutting off the mainland’s access to advanced semiconductor-manufacturing equipment over national security concerns.

Analysts said Chinese wafer foundries have been stockpiling chip-making tools since last year, despite a two-year drop in China’s semiconductor sales amid a sluggish economic recovery.

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Article Details

Author / Journalist: Che Pan

Category: Technology

Markets: Hong KongChinaJapanSouth KoreaNetherlandsTaiwan

Topics: Advanced Asml Year China Asml’s Quarter Euros Cent Sales Billion Chinese

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 21:00:10 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 21665691

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