Part 6/9:
As geopolitical tensions rise, particularly in light of relations with China, ASML faces scrutiny and export control challenges that may impact its operations and sales strategies. U.S. and allied countries are becoming increasingly concerned with over-dependency on Asia-based semiconductor manufacturing, prompting legislative initiatives like the U.S. Chips Act aimed at incentivizing domestic chip production.
However, ASML’s reliance on Asian manufacturing and its primary market in TSMC raises questions about its long-term viability should restrictions intensify or change.