ASML: Steps made towards deal on curbing exports to China

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ASML, a major supplier to chipmakers, has been restricted from selling its cutting-edge tools to China since 2019.

Tensions between the US and China over semiconductors have worsened since then, prompting Washington in October to impose export restrictions on its own semiconductor equipment companies. -chip manufacturing.

“It is our understanding that steps have been taken towards an agreement between the governments which, to our understanding, will be focused on advanced chip manufacturing technology, including but not limited to advanced lithography tools,” ASML said.

The Dutch company added that the measures were not expected to have a material impact on its financial forecast for 2023.

“Before it comes into force it must be detailed and implemented in legislation which will take time,” the company said.

Her statement follows a Bloomberg report on Friday that said the US, Japan and the Netherlands had reached an agreement after months of talks.

(Reporting by Toby Sterling and Stephanie van den Berg; Editing by Alison Williams and Jason Neely)

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