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ASML Corporation (NASDAQ:ASML) rose more than 2% on Friday when it was reported that the Dutch Ministry of Defense had asked the government in 2020 not to allow the export of the company’s semiconductor equipment to China.
According to the arrive Het Financieele DagbladThe Defense Ministry said the military’s position was that “in the medium and long term, it is important … ASML is not granted any export license to transfer EUV machinery to China and that’s it” This unique technology is protected as much as possible.”
ASML (ASML) ultraviolet, or EUV, machine that uses wavelengths of light to print complex designs on a chip. They are subject to scrutiny by the Biden Administration due to concerns about the growth of China’s semiconductor industry and potential use in military applications.
Het Financieele Dagblad obtained the information through the Freedom of Information Act.
ASML is based in the Netherlands (ASML) did not immediately respond to Seeking Alpha’s request for comment.
In December, the Netherlands – ASML’s (ASML) hometown – and Japan is reported agreed in principle to join the US in restricting the export of semiconductor machinery and equipment to China.
Previously, Dutch Trade Minister Liesje Schreinemacher speak European countries are talking to the United States to discuss new export controls on semiconductors to China, adding that “national security interests are paramount. “
Late last year, ASML (ASML) CEO Peter Wennink said that if Chinese semiconductor companies cannot expand capacity compared to current indicators, it won’t change the chip equipment company’s outlook for 2030 “that much”.
