Dutch PM is actively lobbying Washington to soften the proposed ASML export controls.
Rob Jetten met with Trump and Congress members about the MATCH bill — legislation that would ban all immersion DUV sales and service to China, not just EUV. If allies don't comply, U.S. components inside foreign tools could be unilaterally restricted.
The bill passed committee but isn't law yet. If it goes through without a carve-out, it won't just block new shipments — it would cut off service revenue on the installed base already running inside Chinese fabs.
China was 14% of ASML's Q2 system revenue, down from 19% the prior quarter. That's still meaningful exposure for Europe's largest listed company and the world's only EUV supplier.
This isn't about EUV anymore — that ship never sailed to China. This is about whether the U.S. extends control over mature-node DUV tooling that's already deployed and generating recurring service income.
The Dutch are trying to negotiate a middle path. Whether that holds depends on how far Washington wants to push the semiconductor containment strategy.
Rob Jetten met with Trump and Congress members about the MATCH bill — legislation that would ban all immersion DUV sales and service to China, not just EUV. If allies don't comply, U.S. components inside foreign tools could be unilaterally restricted.
The bill passed committee but isn't law yet. If it goes through without a carve-out, it won't just block new shipments — it would cut off service revenue on the installed base already running inside Chinese fabs.
China was 14% of ASML's Q2 system revenue, down from 19% the prior quarter. That's still meaningful exposure for Europe's largest listed company and the world's only EUV supplier.
This isn't about EUV anymore — that ship never sailed to China. This is about whether the U.S. extends control over mature-node DUV tooling that's already deployed and generating recurring service income.
The Dutch are trying to negotiate a middle path. Whether that holds depends on how far Washington wants to push the semiconductor containment strategy.