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"ASML is seen as the jewel in the crown of Europe’s technological sector, but has spent much of the past decade caught in the crossfire of the US-China tech war. In January it estimated that 20% of its 2026 annual sales would come from China. This would represent a reduction from 33% in 2025."
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While the chipmaking-gear giant is already banned from selling advanced kit to China, new rule would make low-end products off-limits too.
www.scmp.com
Netherlands opposes US proposal to further bar chip giant ASML from China market
Sara Van Hoeymissen