ASML Shares Fall After U.S. Lawmakers Propose Tougher China Export Limits
ASML shares fell after U.S. lawmakers proposed new legislation that could further limit the Dutch chip equipment maker’s sales to China.
The proposed bill would extend export controls to include less advanced semiconductor tools, including deep ultraviolet (DUV) lithography machines, which Chinese companies have still been able to buy. ASML already faces restrictions in the Chinese market, so the proposal could tighten access even more if it becomes law.
The stock fell because U.S. lawmakers proposed new rules that could further restrict ASML’s sales of chipmaking tools to China.
The proposal could cover less advanced semiconductor equipment, including DUV lithography machines.
China is a major market for chip equipment, so tighter export rules could affect ASML’s sales there.
No. It has only been proposed by lawmakers so far.
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