According to Reuters’ article published on October 19, 2022, new restrictions by the United States government on exports of semiconductor technology could affect up to 5% of ASML Holding's (ASML.AS) order backlog, CEO Peter Wennink said on Wednesday.
On a call with analysts, Wennink said ASML is not directly impacted as its products and most of their parts are made in Europe. However, indirect effects could still lead to ASML's Chinese customers cutting orders.
Sales in China account for about 16-18% of ASML's total.
Earlier ASML reported better than expected third quarter results and a record order backlog of 38 billion euros.
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Published on October 21, 2022 12:56 PM (GMT+8)Last Updated on October 21, 2022 12:56 PM (GMT+8)
