ASML Holding N.V. (ASML) Denies Selling EUV Chipmaking Tool to China Following Report of US Concern

On June 19, Reuters reported that ASML Holding N.V. (NASDAQ:ASML) denied ever shipping an EUV lithography instrumentality to China aft concerns raised by US officials. The institution said successful an emailed connection it had "never shipped an EUV instrumentality to China nor person we shipped to China immoderate component, ​module, oregon instrumentality specially designed to beryllium utilized successful an EUV machine."

Reuters cited Bloomberg reporting that U.S. Commerce Secretary Howard Lutnick raised concerns that an EUV instrumentality whitethorn person reached China successful usurpation of export restrictions. ASML Holding N.V. (NASDAQ:ASML) said it "consistently adjusted its business" to comply with evolving controls.

Separately, the Dutch Ministry of Foreign Affairs said exports necessitate licenses nether strict rules and enforcement. Reuters besides pointed retired that Washington projected authorities successful April, urging allies to align export controls, with instrumentality made by the semiconductor steadfast named successful the legislation. Earlier reporting noted Chinese efforts to make home EUV technology.

ASML Holding N.V. (NASDAQ:ASML) engages successful the development, production, marketing, sales, upgrading and servicing of precocious semiconductor instrumentality systems. It includes lithography, metrology and inspection systems.

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