Expectations that the Dutch government will further limit sales to China by chip equipment giant ASML Holding NV may overshadow what are expected to be strong fourth quarter results due next week.
ASML Holding logo is seen at company's headquarters in Eindhoven, Netherlands, Januari 23, 2019.
ASML, a key supplier to chipmakers, generates about 15% of its sales in China, an important growth market even after it was restricted from selling its most advanced machines there under U.S. pressure in 2019.Washington in October imposed export restrictions on its own chip equipment companiesU.S. officials say they expect the Netherlands to follow suit.
But Dutch trade minister Liesje Schreinemacher has underlined the Netherlands will not simply adopt U.S. rules. "I know there's a lot of pressure internationally but I will be fighting for open trade and against protectionism," she told a panel in Davos on Jan. 19.One is making sure Dutch rules are drafted in such a way that they are not actually more restrictive for ASML than for U.S. companies.
ASML is expected to post fourth-quarter net income of 1.68 billion euros on record revenue of 6.37 billion euros, according to Refinitiv Eikon data.The company's top customers including TSMC
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