ASML shares fall on US Congress plan to further restrict China exports

U.S. lawmakers last week proposed legislation that could further restrict ASML's sales to China; ASML shares dipped on the first trading day after the proposal. The proposed restrictions increase downside risk to ASML's China-facing revenue and could pressure the semiconductor-equipment supply chain and sector if enacted.

Analysis

U.S. lawmakers last week proposed legislation that could further restrict ASML's sales to China; ASML shares dipped on the first trading day after the proposal. The proposed restrictions increase downside risk to ASML's China-facing revenue and could pressure the semiconductor-equipment supply chain and sector if enacted.