ASML executives expect Chinese demand to remain strong

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ASML executives expect Chinese demand to remain strong
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Raise a Glass to Malbec! Malbec World Day, April 17 | SaltWire #reels #shorts #wine #foodAMSTERDAM - Executives at Dutch computer chip equipment maker ASML said on Wednesday they expect demand from Chinese customers to remain strong, representing"in the ballpark" of 20% of the company's order backlog.

The U.S. is trying to convince allies, including the Netherlands, to make it more difficult for China to make its own advanced chips. "I think that is something governments need to discuss ...what they call the national security interest."Sales to China made up a record 49% of ASML's total sales in the first quarter but in recent years China has been the company's third market following Taiwan and South Korea.

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