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ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales - TL;DR CNBC

ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales

Publishing timestamp: 2024-10-16 12:35:04


Summary

ASML expects lower sales in China due to U.S. export restrictions, causing a drop in stock value and market capitalization. The company's 2025 guidance has been adjusted, with China sales expected to decrease significantly. ASML's reliance on China for revenue is impacted by geopolitical tensions and export controls.


Sentiment: MIXED

Tickers: INTCASML-NLTSMNVDA

Keywords: asml holding nvchinaearningsnvidia corpunited statestechnologybusiness newsintel corpbreaking news: technologytaiwan semiconductor manufacturing co ltd

Source: https://www.cnbc.com/2024/10/16/asml-2025-outlook-shows-us-chip-export-curbs-impacting-china-sales.html


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