Shares in ASML Holding fell as the prospect of tighter US restrictions on operations in China wiped out the Dutch company’s order intake growth in the past quarter.
The administration of U.S. President Joe Biden is considering imposing the toughest trade restrictions if companies like ASML continue to give China access to advanced semiconductor technology, Bloomberg reported on Wednesday ahead of the company’s second-quarter results.
The U.S. is targeting ASML, which has a monopoly on making machines that produce the most advanced semiconductors, as it steps up pressure to thwart China’s advances in the semiconductor industry. Shares fell even as the company reported second-quarter bookings rose 54% from the previous three months to €5.57 billion ($6.1 billion), beating estimates.
