Washington's new chip ban threatens ASML

the netherlands is actively pushing back against us efforts to restrict semiconductor exports to china, with trade minister sjoerd sjoerdsma meeting commerce secretary howard lutnick to oppose the match act. the bill targets asml's deep ultraviolet immersion machines, tools that are a decade old but critical for producing ai training chips, and represents an expansion of current sanctions focused solely on high-end euv equipment. since china accounts for 19% of asml's net system sales, the proposed ban poses a significant economic threat to europe's most valuable company. the legislation has not yet faced a full vote and may need to be bundled into a larger package to pass, signaling a deepening trans-atlantic rift over how to contain china's ai and chip capabilities.