ASML Denies Selling EUV Chip-Making Tools to China Amid US Concerns

ASML Holding N.V. has denied allegations that it sold EUV (extreme ultraviolet) lithography machines to China. The company stated that no such sale occurred and that reports raising US concerns are unfounded. ASML emphasized that EUV technology can only be exported under specific licenses and that it fully complies with current regulations. The Dutch semiconductor equipment manufacturer reminded that the sale of EUV machines is prohibited under US export restrictions targeting China. Despite these restrictions, the company noted that it continues to sell other lithography systems, such as DUV (deep ultraviolet), in the Chinese market. ASML said the EUV sale allegations have caused misunderstandings in the market. ASML's statement comes amid rising geopolitical tensions over US efforts to limit China's chip-making capacity. The company reiterated that EUV technology is critical for the most advanced chip manufacturing processes and is therefore subject to strict export controls. ASML maintained that it acts in accordance with current regulations and that no violations have occurred. Investors are monitoring potential fluctuations in ASML's stock price following this announcement. Despite uncertainties in the Chinese market, the company continues to benefit from growth in global chip demand. ASML stated that it is keeping its 2024 outlook while closely tracking the operational impacts of geopolitical risks. This is not investment advice.