ASML Shares Fall After US House Panel Slams Its China Sales

ASML Holding NV, a Dutch chip equipment manufacturer, experienced a decline in its share price after a US House panel criticized the company's sales to China. The panel accused ASML of contributing to the growth of China's semiconductor industry, which has prompted concerns about potential export controls on the company's lithography machines. The US government has been increasingly wary of China's technological advancements, particularly in the semiconductor sector, and has taken steps to limit the transfer of critical technologies to the country. The panel's criticism of ASML's dealings with China has raised the possibility of further export restrictions, which could have significant implications for the company's business operations. The news article highlights the ongoing tensions between the US and China in the technological sphere, with ASML caught in the middle as a key supplier to the global semiconductor industry. The potential impact of any export controls on ASML's sales and operations remains to be seen, but the company's share price decline suggests investor concerns about the situation.