AMSTERDAM, April 24 (Reuters) - The outgoing chief
executive of top semiconductor equipment supplier ASML
said on Wednesday that the U.S. government will prevent the
company from servicing some machines it has previously sold to
Chinese customers in some cases.
Such restrictions "will not have a significant effect on the
2025 to 2030 financials, because it will be a limited number" of
Chinese plants that are affected, Peter Wennink said.
ASML, the largest maker of equipment used to manufacture
computer chips, has faced a series of restrictions and licensing
requirements from the U.S. and Dutch governments in selling its
more advanced equipment lines to Chinese customers.
The restrictions are part of Washington's campaign to slow
Beijing's military advances and undermine its ability to
manufacture its own chips.
In April, the U.S. government began pressuring the Dutch
government to prevent ASML from servicing some of the billions
of euros worth of tools it has already sold to Chinese
customers, including in some cases equipment whose export was
approved or that had been sold before new restrictions were
introduced in 2023.
China was ASML's second-largest market by sales in 2023 and
about 20% of the company's global revenues come from servicing
its installed base of tools.
While the Netherlands oversees its own export policies, and
ASML has said it expects to be able to continue to service
"most" Chinese customers through the end of this year, Wennink
said that was not true in all cases.
"We can service them, but not with U.S. content, with spare
parts that come out of the U.S. that are under export control,"
Wennink said.
U.S. rules cover the segment of ASML's product range known
as "immersion" deep ultraviolet (DUV) lithography tools.
"But that's for a limited number of systems. But we can
install them. Anything else that we have sold, we can install
and we can service," Wennink said.
Wennink was speaking at the company's annual general
meeting, where he is due to retire and be replaced by veteran
manager Christophe Fouquet, pending shareholder approval.