Dutch government restricts exports of semiconductor equipment, ASML says no impact on financial guidance

The Dutch government has announced new restrictions on exports of semiconductor equipment, which is seen as a move to curb supplies to China.

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The Dutch government has implemented new restrictions on the exports of semiconductor equipment, a move that aligns with the US-led efforts to limit the supply of high-tech components to China. The restrictions were announced by Dutch Trade Minister Liesje Schreinemacher, who cited national security concerns and the potential military applications of such equipment. 

While a limited number of companies and product models will be affected, China has criticised the move as an ‘abuse of export control measures’. ASML, a Dutch company that supplies key equipment to computer chip makers, stated that it does not anticipate a material impact on its business and is maintaining its financial guidance. The new rules will require companies manufacturing advanced chipmaking equipment to obtain a licence before exporting it, and they are expected to come into effect on September 1. 

ASML’s second most advanced ‘DUV’ lithography systems, specifically the top section of models in its 2000 series and subsequent models, will require a licence. ASML’s most advanced ‘EUV’ machines have never been shipped to China. ASM International, another Dutch company that makes atomic layer deposition tools, also does not expect a significant change to its forecasts as a result of the new rules.