US Pushes For ASML (ASML) To Stop Selling Key Chipmaking Gear To China - Bloomberg

July 5, 2022 12:39 PM EDT

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(Updated - July 5, 2022 12:46 PM EDT)

(Updated - July 5, 2022 12:40 PM EDT)

The U.S. is pushing the Netherlands to ban ASML Holdings (NASDAQ: ASML) from selling key chipmaking technology to China, according to Bloomberg, citing people familiar with the matter.

Washington's proposed restriction would expand an existing moratorium on the sale of the most advanced systems to China in and attempt to thwart China's plans to become a world leader in chip production, the report said.

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