What's Happening With ASML Shares on Wednesday?

ASML Holding NV (NASDAQ:ASML) is making headlines on social media this Wednesday. Dutch Prime Minister Dick Schoof has indicated that he believes President Donald Trump will persist in his calls for the Netherlands to impose restrictions on the export of chip-making equipment produced by ASML to China.

What You Should Know: Reports from Bloomberg reveal that the Netherlands is already limiting ASML's sales to China, a move that has been influenced by pressure from former President Joe Biden. It appears that these restrictions will likely continue under the current administration.

Schoof mentioned that the Dutch government engages in weekly discussions regarding ASML and emphasized the importance of making independent decisions about export regulations, saying, "I think it's important that we decide for ourselves what we will do" regarding export controls.

The United States is urging the Netherlands to take action against ASML's sales to China due to national security concerns. ASML is the sole manufacturer of lithography machines necessary for producing specific chips that are used in various products worldwide.

Additionally, ASML faces limitations on selling some of their advanced lithography machines to China for similar national security reasons. Despite these restrictions, China accounted for nearly half of ASML's sales in the third quarter, amounting to $2.9 billion.

Tomorrow, Schoof is scheduled to meet with Chinese Vice Premier Ding Xuexiang in the Netherlands to discuss these ongoing matters.

ASML Stock Performance: On Wednesday, ASML shares closed at $766.98, reflecting an increase of 0.61%, according to data available from Benzinga Pro.

ASML, Stocks, Export