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ASML not changing guidance after new US crackdown on China chip exports
Economic Times
·
8m ago
Medial
Dutch computer chip equipment maker ASML stated that it does not anticipate the recent U.S. restrictions on semiconductor exports to China to impact its financial guidance. The Dutch government also expressed shared security concerns, while studying the new U.S. rules. ASML expects group sales of 30-35 billion euros by 2025, with around 20% of sales in China. The company highlighted that if enforced, the latest U.S. restrictions could affect its export of deep ultra-violet lithography systems to some Chinese chip-making plants. The new rules include tighter restrictions on software and metrology equipment relevant to ASML.
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ASML says in annual report export curb worries hit customer spending in 2024
Economic Times
·
5m ago
Medial
ASML, a major computer chip equipment maker, reports that customer spending has weakened due to uncertainties over export controls and technological sovereignty, compounded by US-led restrictions on exports to China. These challenges, highlighted in their annual report, are causing certain customers to limit capital expenditure in 2024. With China accounting for 36% of its sales last year, ASML faces ongoing risks from complex restrictions and potential countermeasures affecting its business.
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Trump team seeks to toughen chip controls over China: Reports
Economic Times
·
5m ago
Medial
The Trump administration is planning to tighten semiconductor restrictions on China, extending Biden's efforts to limit Beijing’s technology capabilities, Bloomberg News reports. U.S. officials met with Japanese and Dutch counterparts to potentially restrict engineers from Tokyo Electron and ASML from working on semiconductor equipment in China. Additionally, further limits on Nvidia chip exports to China are considered. The initiative aims for U.S. allies to align on restrictions similar to those on American chip firms.
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On US visit, Dutch politician talks importance of ASML, China trade
Economic Times
·
10m ago
Medial
During a visit to Washington, Netherlands' economy minister Dirk Beljaarts emphasized the significance of China as a trading partner. He emphasized the need for Dutch semiconductor equipment manufacturer ASML to have the freedom to conduct business without restrictions. Beljaarts' meeting with U.S. Deputy Secretary of Commerce Don Graves aimed to promote bilateral trade, rather than negotiate export restrictions. The visit comes ahead of expected expansion of U.S. rules limiting semiconductor exports to certain computer chip plants in China. ASML, the largest supplier of equipment to chip makers, faces pressure from the U.S. government.
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Former ASML CEO says US-China chip fight will continue
Economic Times
·
1y ago
Medial
The former CEO of ASML, the largest tech firm in Europe, believes that the disputes between the US and China over computer chips are based on ideology rather than facts. US export restrictions on ASML tools have been increasing since 2018 due to security concerns, affecting the company's business in China. The CEO emphasized the need to strike a balance in managing stakeholders' interests and expressed concerns about the impact of ideology on the decision-making process. He predicted that the chip war could last for decades due to geopolitical interests.
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Nvidia CEO says not attending Trump's inauguration
Economic Times
·
6m ago
Medial
Nvidia CEO Jensen Huang will not attend the US presidential inauguration, choosing instead to celebrate the Lunar New Year with employees. He recently discussed increasing production of Nvidia's AI chips with TSMC. Nvidia's growth faces potential challenges from new US export restrictions on AI chips, targeting countries like China. These restrictions, introduced during Biden's administration and likely supported by the incoming Trump administration, aim to limit advanced chip exports to protect US interests.
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US curbs on Nvidia chips to have limited impact on South Korean chipmakers
Economic Times
·
3m ago
Medial
The new US restrictions on Nvidia's H20 AI chip exports to China will have limited impact on South Korean chipmakers, according to experts. SK hynix, supplying HBM3E memory for these chips, is primarily focused on their latest generation destined for non-Chinese markets. The export ban will not affect SK hynix's financials, as contracts are already secured. However, uncertainty lingers as the broader Chinese AI chip market could slow down, affecting future opportunities.
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China probes Nvidia for 'violating' anti-monopoly law
Economic Times
·
8m ago
Medial
China has launched an investigation into US chip giant Nvidia for potential antitrust violations, accusing the company of violating its commitments made in 2020. The probe comes amidst increasing tensions between China and the United States over chipmaking technology. Last week, China announced restrictions on exports to the US of key components used in semiconductor production, citing national security concerns. In response, the US has imposed restrictions on sales to Chinese chip firms. Nvidia has yet to comment on the investigation.
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Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says
Economic Times
·
6m ago
Medial
During a meeting at the White House, US President Donald Trump and Nvidia CEO Jensen Huang discussed the Chinese company DeepSeek and the regulation of AI chip exports. Amid concerns about China's advancements in AI, the discussion focused on strengthening US leadership in technology. As DeepSeek's AI model gained popularity, it impacted the US tech market. Additionally, the Trump administration is considering further restricting Nvidia's AI chip exports to China to maintain advanced computing power within the US and its allies.
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Targeting Chinese chips, US to push Dutch on ASML service contracts
Economic Times
·
1y ago
Medial
The US government, under the Biden administration, plans to urge the Netherlands to prevent chipmaking equipment maker ASML from servicing certain tools in China, in an effort to weaken China's tech industry. The US export policy chief, Alan Estevez, is scheduled to meet with Dutch officials and ASML representatives to discuss the servicing contracts. The US may also seek to expand the list of Chinese chipmaking factories restricted from receiving Dutch equipment. The Netherlands has previously restricted certain chipmaking technology for Chinese customers. The meeting signifies the US's ongoing efforts to rally allies against China's chip production capabilities.
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California Democrats fear US tech firm 'death spiral' with more China curbs
Economic Times
·
11m ago
Medial
California Democrats are urging the Biden administration to halt plans for imposing new restrictions on U.S. technology exports to China. They argue that such unilateral measures benefit foreign competitors at the expense of American businesses. These calls come as Washington has already imposed restrictions on chip and chipmaking equipment exports to China, fearing the technology could be used to strengthen China's military capabilities. The Netherlands and Japan have also imposed similar restrictions but have not gone as far as the U.S. lawmakers are requesting.
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