ASML sees no short-term impact of updated US rules on China exports

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ASML sees no short-term impact of updated US rules on China exports
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AMSTERDAM: ASML, a major supplier of equipment to computer chip manufacturers, said on Tuesday (Oct 16) it does not expect any short-term financial impact from newly updated guidance on US restrictions on exports to China.

The Netherlands-based company said in a statement it expected the new US guidelines to"have an impact on the regional split of our systems sales in the medium to long term", meaning it will affect the volume of sales the company has in one country versus another, but not sales overall.

The company added in the statement that it is still studying new guidelines announced by the Biden administration overnight.

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