ASML’s chip equipment sales to China soar 109% despite US export curb push

Despite US pressure for tighter export restrictions on less advanced chipmaking machinery, Dutch semiconductor equipment giant ASML reported a significant increase in sales to China. In the third quarter, ASML's sales to China surged by 109% compared to the previous three months. The company now anticipates that China will represent approximately 20% of its total sales for the current year. This growth occurred as the US continues to advocate for more stringent export controls on certain types of chipmaking equipment destined for China.