ASML forecasts 10%-15% sales drop in Chinese market this year due to export restrictions

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Dutch chip equipment maker ASML said on Wednesday that it expected the government’s export restrictions to curb sales in the Chinese market by 10%-15% in 2024, as the company released its financial report for the fourth quarter and full year of 2023. Last year, China’s Taiwan became ASML’s leading market, representing 30% of total sales, followed by mainland China in second place with 29%, a substantial 15% increase from the previous year. On Jan. 1, the Dutch government revoked export licenses for two of ASML’s advanced lithography machines, namely NXT:2050i and NXT:2100i. Additionally, certain advanced semiconductor wafer fabs in China are unable to obtain licenses for shipping NXT:1970i and NXT:1980i DUV (deep ultra-violet equipment), as confirmed by ASML CFO Roger Dassen. [Jiemian, in Chinese]Related