ASML Faces Scrutiny Over Chinese Client Links Amid Geopolitical Strains

The Dutch technology leader ASML, which commands the global market for semiconductor manufacturing equipment, finds itself navigating increasingly complex geopolitical waters. Recent allegations suggest the company has supplied hardware to Chinese research entities with direct ties to the nation’s military. This development highlights a critical tension for the firm: its substantial reliance on the Chinese market, which continues to generate billions in revenue despite tightening export controls.

For investors, the timing of these reports is particularly sensitive. China represents far more than just a customer; it is a fundamental revenue driver. In the 2024 fiscal year, approximately 36% of ASML’s total sales—roughly €10 billion—originated from the Chinese market. Financial analysts Read more...