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: INTC, ASML-NL, TSM, NVDA,
Keywords: asml holding nv, china, earnings, nvidia corp, united states, technology, business news, intel corp, breaking news: technology, taiwan semiconductor manufacturing co ltd,