ASML Doesn't Expect Financial Hit From China Export-License Issue
January 22 2020 - 6:52AM
Dow Jones News
By Adria Calatayud
ASML Holding NV (ASML.AE) doesn't expect a financial hit from an
issue with a license to export an advanced chip-making system to
China, Chief Executive and President Peter Wennink said
Wednesday.
Mr. Wennink said the license application is currently being
reviewed by the Dutch government, which has requested additional
information from the company, and acknowledged that the issue has
been surrounded by political tension.
The Dutch maker of semiconductor equipment received an order
from an undisclosed Chinese customer in 2018 for an extreme
ultraviolet--or EUV--lithography system, ASML's most advanced
technology, Mr. Wennink said. Since EUV is included in a list of
restricted technologies, the company needs a license from the Dutch
government to export the machine, he said.
ASML has an umbrella license to export EUV systems but has to
apply for a specific permit for each order as part of a two-layered
process, Mr. Wennink said. He said the company hasn't experienced
any issues in getting licenses to ship EUV machines to South Korea,
the U.S. or Taiwan.
Mr. Wennink said ASML is now waiting for the Dutch government to
decide on the matter, but that the issue will have no impact on the
company's financial performance, as it would ship the machine to a
customer from another country if it can't export it to China.
"When [a machine] doesn't go to country A, it goes to country B
or country C," Mr. Wennink said at a press conference. "If the
demand is there, the demand will be there across the globe," he
said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
January 22, 2020 06:37 ET (11:37 GMT)
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