ASML says new US chip curbs on China won’t affect 2025 sales forecast

The Dutch chip equipment maker says it is studying the impact of the new restrictions, but sees little impact on long-term demand

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An assembly engineer works on a DUV lithography system at ASML in Veldhoven, Netherlands. Photo: Reuters

Published: 9:47am, 3 Dec 2024Updated: 10:22am, 3 Dec 2024

Computer chip equipment maker ASML said it does not expect new US restrictions on semiconductor exports to China, announced on Monday, to affect its most recent financial guidance.

Separately, the Dutch government said it shares US security concerns on the export of advanced semiconductor making tools, and it is studying the latest US rules.

In a statement, ASML repeated November 14 guidance that it sees group sales at 30-35 billion euros (US$31.5-36.7 billion) in 2025, with about 20 per cent of sales in China – down from around 50 per cent this year.

It said the latest US restrictions would affect ASML’s export of deep ultraviolet lithography systems to some chipmaking plants in China, if enforced by the Dutch government.

The ASML headquarters in Veldhoven, Netherlands. Photo: Reuters

The new US rules are Washington’s third crackdown in three years on China’s semiconductor industry, tightening regulations on equipment makers and curbing exports to 140 Chinese companies, including additional subsidiaries of China’s biggest bespoke chipmaker Semiconductor Manufacturing International Corporation.