US allies are resisting calls for further bans and curbs on semiconductor exports and equipment gear to China.
ASML reported first quarter sales which showed that China is their most important market, larger than Korea, Taiwan, the US, and Europe combined. Companies in Japan and Germany are also reporting strong growth in China. As a result, host governments for these companies are reacting coldly to US efforts to intensify trading restrictions in semiconductors.
Resources and links:
Reuters, US urge Dutch, other allies to place more curbs on ASML
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Bloomberg, China is still ASML's top market despite US curbs
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Tom's Hardware, ASML claims US ban on servicing China chipmaking tools will not hurt company
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ASML reports China accounts for 49% of Q1 sales
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Bloomberg, US urges allies to further squeeze China on chip technology
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Exclusive: Inside the AI research boom
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What US ban? Pura 70 teardown shows a more self-reliant HUAWEI
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Exclusive: Nvidia cuts China prices in Huawei chip fight
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ASML, working at ASML China
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