01:14 PM EST, 12/02/2024 (MT Newswires) -- ASML Holding ( ASML ) said Monday it was assessing the potential impact of a new US restriction on exports of chip manufacturing technology to China.

The company said it does not expect the restrictions to hit long-term demand for its products as "these scenarios are based on the global demand for wafers rather than on any specific geographic split."

Earlier today, the US Department of Commerce's Bureau of Industry and Security announced new export controls that are intended to further hinder China's capability to produce advanced-node semiconductors for military applications and artificial intelligence.

The new controls cover 24 types of semiconductor manufacturing equipment, three types of software tools, and high-bandwidth memory that is critical to AI training, according to the regulator.

The agency also said there are 14 modifications for companies covered by the new rules, including tool manufacturers, semiconductor fabs, and investment companies involved in China's military modernization.

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