ASML’s Sales to China Surge as U.S. Threatens Tighter Curbs

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China has been the company’s biggest market for four quarters in a row

(Bloomberg) — ASML’s surging sales to China in the second quarter accounted for nearly half of its revenue, revealing the limited impact of U.S. export restrictions has had so far as the Biden administration considers even tougher curbs.

The Dutch company makes lithography machines that are an essential component in the manufacture of semiconductor chips.

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