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US Seeks To Restrict Sales To China As ASML Shares Fall Report – ET Telecom

News Snapshot:

ASML has already been unable to ship its most advanced equipment to China, but the report says Washington will also restrict sales of slightly older machines, citing “people familiar with the matter.” An ASML spokesperson said the company was unaware of any policy changes. “The discussion is not new,” the spokesperson said. “No decision has been made, and we do not wish to speculate or comment on the rumours.” US shares of ASML sank 7.2% in the wake of the report. Other chip gear makers also lost ground, with Lam Research down 3.6% and Applied Materials down 2.4%. China is…

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