CHINA ASML TOOLS DUTCH GOVERNMENT
5 world market themes for the week ahead
The upcoming week promises significant market activity with pressure on Joe Biden's election prospects, anticipation of a Fed rate cut, key Q2 earnings reports, an ECB meeting, and the unveiling of the UK legislative agenda by King Charles. Analysts and investors should brace for developments from the U.S., Europe, and China that could influence global markets.
Former ASML CEO says US-China chip fight will continue
The recently retired CEO of semiconductor equipment maker ASML said in an interview that discussions between US and China are not being conducted on the basis of facts, data or content but rather on ideology. Since 2018, the US has imposed increasing restrictions on what tools the company can export to China.
If China invades Taiwan, ASML and TSMC can disable chip machines
ASML Holding NV and Taiwan Semiconductor Manufacturing Co. have measures in place to remotely disable chipmaking machines in the event of a Chinese invasion of Taiwan. The US government has expressed concerns about the impact of such an attack on the global semiconductor supply chain. ASML's advanced EUV machines are crucial in this scenario, with TSMC being a major client. The stakes are high as Taiwan produces around 90% of the world's most advanced chips.
Global chips battle intensifies with $81 billion subsidy surge
The concern over China’s rapid advances in key electronics turned into a full-scale panic during the pandemic because chip shortages emphasised the significance of these tiny devices for economic security.
Xi Jinping among pigeons
Fissures have appeared in the ‘coalition of democracies’ to counter China. Beijing has used this opportunity to try and play itself back in Europe. Xi Jinping is currently on his first trip to Europe in five years, visiting France, Serbia and Hungary. He hopes to navigate the most difficult obstruction - the EU itself - in these conversations
ASML Q1 bookings miss forecast, but China sales hold up
ASML faces lower Q1 bookings but stable China sales despite U.S. restrictions. Anticipates 2025 growth due to demand from TSMC, Nvidia, Apple, and new chip plants. Shares dropped to 873.40 euros.
Why maintaining ASML equipment is the new front in US-China chip war
ASML dominates the market for lithography tools - huge expensive, complex machines that perform one step in the chipmaking process, helping to create circuitry.
Targeting Chinese chips, US to push Dutch on ASML service contracts
Washington may also be seeking to add to a list of Chinese chipmaking factories restricted from receiving Dutch equipment as part of the discussions, one of the people said. The Dutch Foreign Ministry confirmed the upcoming meeting but did not elaborate on which topics would be on the agenda.
Dutch government scrambling to keep chipmaker ASML in Netherlands: report
A report in newspaper De Telegraaf said the ministries involved had dubbed the effort "Operation Beethoven," citing unnamed sources. A spokeswoman for the Economic Affairs Ministry said it could not discuss policies toward specific companies.
China seeks military advantage from ASML tools: Dutch government
Dutch trade minister Geoffrey van Leeuwen said that ASML tools are used to make advanced semiconductors that can go into "high-value weapons systems and weapons of mass destruction" and the Dutch government focuses on "the risk of undesirable end use" when reviewing export licensing decisions.
Chipmaker ASML expects US, Dutch export rules to hit China sales by 10-15%
Following a US-led campaign to slow Beijing's technological and military advances, ASML has been restricted from selling its most advanced EUV tool line in China since 2019 and has never sold an EUV tool there.
Dutch tech firm ASML says profits, sales jump in 2023
Dutch tech giant ASML, which supplies chipmaking machines to the semiconductor industry, reported Wednesday a rise in annual net profit despite a high-tech trade spat between China and the West. ASML announced earlier this month that it had been blocked from exporting "a small number" of its advanced machines to China, amid reports of US pressure on the Dutch government.
Beijing criticises Netherlands' move to block ASML exports to China
Asked about the Dutch government's move, Chinese foreign ministry spokesman Wang Wenbin on Tuesday urged the Netherlands "to be impartial, respect market principles and the law, take practical actions to protect the common interests of both countries and their companies and maintain the stability of international supply chains".
Netherlands blocks chipmaker ASML's exports to China in partial licence revocation
The company said it does not expect the revocation or the latest US export control restrictions to have a material impact on its financial outlook for 2023.
Dutch chipmaker ASML CEO says he expects demand from China to remain strong
"I don't think we will see a peak this year, I think there will be a significant amount of demand coming out of China for mature technology," Peter Wennink said at a press conference following third quarter results.
Dutch government curbs chip equipment exports, brings new laws amid US pressure
The rules, which will require companies that make advanced chipmaking equipment to seek a licence before they can export it, are expected to go into effect on September 1.
Chipmaking tool firms expect boom in China sales despite export rules
This could be a sign that China may be a bigger customer for the industry than expected this year considering its strong demand for less-advanced chips like those used in EVs.
China criticises Netherlands' plan to join US in curbing access to chip tools
A foreign ministry spokeswoman Mao Ning complained that "an individual country," a reference to the United States, was trying to "safeguard its own hegemony" by abusing national security as an excuse to "deprive China of its right to development."
Netherlands to restrict semiconductor tech exports to China, joins US effort
The announcement marked the first concrete move by the Dutch, who oversee essential chipmaking technology, toward adopting rules urged by Washington to hobble China's chipmaking industry and slow its military advances.
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