AMSTERDAM : ASML Holding NV's exports to mainland China will likely hold at last year's level in 2023 despite ongoing U.S-Dutch government talks over new restrictions on the company's sales to the country, CEO Peter Wennink said on Wednesday.
The company still sends older DUV machines to China, although these are now a focus of the U.S.-Dutch talks. Such sales totalled around 2.16 billion euros , or 14 per cent of total revenue, last year, down marginally from 2.17 billion in 2021. The EUV machines account for 50 per cent of ASML's sales, Wennink said, noting that the company's U.S. peers such as LAM Research and Applied Materials had not had similar restrictions imposed on their own sales to China until Washington announced sweeping new measures in October in a bid to hobble Beijing's chip-making ability.
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