Reported about 17 hours ago
Shares of semiconductor companies, including ASML, fell sharply after a US House committee accused the industry of enabling China's semiconductor production and military efforts. The committee's remarks raised concerns about potential new export controls, leading to significant drops in stock prices for ASML and other major players like Tokyo Electron and Applied Materials. Although ASML has never sold its most advanced machinery to China due to existing restrictions, the company still relies heavily on the Chinese market, which contributed to 27% of its sales in the second quarter.
Source: YAHOO