ASML, the Netherlands-based semiconductor equipment giant, continues to view the Chinese mainland as a critical market despite tightening export restrictions on advanced chipmaking technology. Chief Financial Officer Roger Dassen confirmed this week that China is projected to account for approximately 20% of ASML's future revenue, underscoring the region's enduring importance in global semiconductor supply chains.
While export controls since 2018 have blocked shipments of cutting-edge extreme ultraviolet (EUV) lithography systems to the Chinese mainland, the region still contributed 33% of ASML's net system sales in 2025. These restrictions, expanded in recent years to include certain deep ultraviolet (DUV) equipment, have accelerated China's drive for technological self-sufficiency.
In response to the limitations, Chinese authorities have prioritized domestic innovation through initiatives like the 2024 national lithography development plan. This program targets production of advanced machines capable of 65 nm resolution and 8 nm overlay accuracy, signaling China's commitment to building an independent semiconductor ecosystem while maintaining global trade partnerships.
The Science and Technology Daily forecasts China's AI chip market to surpass 1 trillion yuan ($140 billion) by 2028, potentially capturing 30% of global demand. This growth trajectory suggests continued opportunities for international collaboration, even as geopolitical factors reshape supply chain dynamics.
