AMSTERDAM (Reuters) – ASML, the large computer chip equipment maker that has been impacted by successive waves of U.S.-led restrictions on exports to China, said in its annual report published on Wednesday that uncertainty over export controls had been one factor weakening customer demand in 2024.
“Macroeconomic uncertainty – including [over] technological sovereignty and export controls – led certain customers to remain cautious and control capital expenditure.” it said.
ASML said that a growing number of entities in China, which accounted for 36% of sales last year, are now subject to restrictions and the company faces ongoing risk from increasingly complex restrictions and possible countermeasures.
(Reporting by Toby Sterling; Editing by Muralikumar Anantharaman)
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