ASML to boost revenue to €60bn by 2030 even if it completely stops exporting equipment to China

In mid-autumn, the United States expanded restrictions on the export of equipment from third countries to China,

which allows us to manufacture products of a certain range. ASML has already stated that even the complete loss of the Chinese market will not affect its financial performance.

What is known

Dutch manufacturer of lithographicequipment for the production of flash memory, microchips and integrated circuits said that even in the event of a complete cessation of exports to China, by 2025 its revenue will reach €40 billion, and by the end of the decade - €60 billion.

The management of the company believes that the newthe restrictions announced by the US in October could result in a loss of no more than 5% of revenue. ASML CEO Peter Wennink told investors and investors that if the Chinese market is completely excluded, other destinations will be able to fully compensate for the loss.

The CEO also added that the desire of the authoritiesFor some countries, securing technological sovereignty will also benefit ASML's business, as they will need new equipment to achieve their goals. Here, first of all, Peter Vennik had in mind the United States, which is ready to invest tens of billions of dollars in the development of home production of semiconductor products.

As for the new restrictions on exports to China, they did not affect ASML. This is due to the fact that the Dutch authorities banned the supply of advanced lithographic equipment three years ago.

Image: Reuters