ASML: Steps made towards deal on curbing exports to China

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Reuters UK

THE HAGUE (Reuters) – ASML Holding NV said on Saturday it understood progress had been made towards an agreement among several governments on new restrictions on semiconductor manufacturing equipment exports to China. ASML, a key supplier to chipmakers, has been restricted from selling its most advanced tools to China since 2019. Tensions between the United States and China over semiconductors have steadily worsened since then, prompting Washington in October to impose export restrictions on its own chip manufacturing equipment companies. “It is our understanding that steps have been made towa…

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