Business · Trade · 7 hrs ago
US law could put ASML between Washington and Beijing
ASML is benefiting from worldwide demand for chips used in artificial intelligence.
But the company lacks a strong home market in Europe.
The United States wants a law, called the Match Act, to stop ASML from exporting to China.
The Netherlands wants the law withdrawn.
If ASML is fully barred from selling to China, it could lose billions of euros in revenue.
China could also respond with severe measures, leaving ASML exposed to pressure from both countries.
A proposed US law could force ASML to stop exporting to China, while the Netherlands wants the measure withdrawn.
ASML could lose billions of euros in revenue if a full ban on sales to China takes effect.
Complying with the law could also bring severe Chinese countermeasures against the company.
ASML is benefiting from global demand for AI chips but lacks a strong European home market.
- Who
- ASML, the US and the Netherlands.
- What
- A proposed US law could stop ASML exports to China.
- When
- Not stated.
- Where
- The dispute involves the United States, the Netherlands and China.
- Why
- Not stated.
United States
Netherlands
Export controls
United States
The US wants the Match Act to halt ASML exports to China.
Netherlands
The Netherlands wants the law taken off the table.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Proposed law
- Match Act
- Potential revenue impact
- Billions of euros
- Export destination at issue
- China
- Company
- ASML
Sources
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