ASML Holding NV on Wednesday warned growing global trade and export controls pose a threat to its business, but it does not expect new restrictions on exports to China to affect 2023 earnings.
ASML Holding logo is seen at company's headquarters in Eindhoven, Netherlands, Januari 23, 2019. REUTERS/Eva Plevier/on Wednesday warned growing global trade and export controls pose a threat to its business, but it does not expect new restrictions on exports to China to affect 2023 earnings.
In a discussion of risks in its annual report, the top supplier of equipment to semiconductor makers outlined how it has already been affected by restrictions introduced by the United States government last year, which wereWashington has been pushing the Netherlands and Japan to adopt similar measures.
Curbs imposed by the Dutch government under pressure from the U.S. have prevented ASML from selling its most advanced machines to China since 2019. "Such developments, including the drive for technological sovereignty, could also lead to long-term changes in global trade, competition and technology supply chains, which could adversely affect our business and growth prospects," ASML said.
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