Chip controls won’t affect earnings: ASML

Bloomberg

Europe’s biggest semiconductor-equipment maker ASML Holding NV said an agreement between the Netherlands, the US and Japan to restrict exports of some advanced chipmaking machinery to China shouldn’t have a “material effect” on forecast it has published for this year.
“In combination with the current market situation, we do not expect these measures to have a material effect on the expectations that we have published for 2023,” ASML spokesperson Monique Mols said in an emailed statement. “What we need now is stability and reliability in our industry to avoid further disturbances in the global semiconductor industry.”
The US secured an agreement with the Netherlands and Japan to restrict exports of some advanced chipmaking machinery to China in talks that concluded Friday in Washington, people familiar with the matter told Bloomberg. The agreement extend some export controls the US adopted in October .