(AOF) – ASML lost 0.37% to 679.20 euros on the Amsterdam Stock Exchange. The semiconductor equipment manufacturer announced that the Dutch government had partially revoked its export license for the shipment of certain electronic chip manufacturing equipment to China. An announcement which comes in a context of export restrictions imposed by the United States. The Dutch firm said the shipments included some lithography systems.
The company also indicated that the license change would not have a material impact on 2023 earnings.
In recent years, China has been ASML’s third-largest market after Taiwan and South Korea, but it was the largest in the third quarter of 2023, accounting for 46% of the company’s sales.
“In recent discussions with the U.S. government, ASML obtained additional clarification on the scope and impact of U.S. export control regulations,” the semiconductor equipment maker said in a statement.
“ASML is fully committed to complying with all applicable laws and regulations, including export control legislation in the countries where we operate.”
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