ASML stock falls on canceled China chip shipments
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ASML shares dip after Netherlands pulls licence for some China exports
January 2, 2024 4:13 AM ESTAMSTERDAM (Reuters) -Computer chip equipment maker ASML said the Dutch government had partially revoked an export licence for the shipment of some of its machines to China, prompting a slide in shares and criticism from Beijing.
The company said the government had pulled an export licence for some machines in a model range that, after U.S. government pressure aimed at undermining China's ability to make its own chips, had required a Dutch licence since September 2023.
ASML said it has received "further clarification of the scope and impact" of more recent U.S. rules, which it said... More
