News & Insights Across Asia
ASML faces significant challenges due to US export restrictions impacting its business with the Chinese mainland, leading to decreased profits and highlighting broader implications for European tech firms.
Semiconductor stocks worldwide dropped after ASML lowered its annual sales forecast due to weak demand for non-AI chips, impacting major players like Nvidia, TSMC, and Samsung.
China’s Commerce Ministry expresses dissatisfaction over the Netherlands’ expanded chip export restrictions, urging cooperation to maintain global supply chain stability.