On Monday, December 2nd, the US government once again implemented extensive export restrictions against China’s semiconductor industry. Dutch semiconductor equipment manufacturer ASML stated that it expects the measures to not have a long-term impact on the demand for its products, but the company is assessing the potential short-term effects.
The latest regulatory measures mark the third blow that Washington has dealt to China’s semiconductor industry within three years, further tightening supervision over chip equipment manufacturers and restricting exports to 140 Chinese companies, including additional restrictions on subsidiaries of China’s largest custom chip manufacturer, SMIC.
According to Reuters, ASML said in a statement, “In the long term, our forecasts for semiconductor industry demand will not be affected by the new US regulations, as our forecasts are based on global chip demand rather than demand from specific regions.”
After a brief dip, ASML’s stock rose by 0.87% on Monday, closing at 664.10 euros.