From Breakingviews - US threat gives ASML new headache on China exports
The Netherlands’ move was already in train due to U.S. pressure exerted on it and Japan by President Joe Biden, who wants to limit Beijing’s access to advanced semiconductor technology that can be used for military and artificial intelligence purposes. The new U.S.
, on the basis that they include U.S.-made components. That gives Biden reach over not only Dutch firms but also suppliers like Germany’s Trumpf and Zeiss, which make lasers and lenses respectively.Friday's Dutch announcement won’t have a material impact on its bottom line. But its shares still dropped as much as 3.6%, and it wouldn’t comment on the U.S. plan.
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