ASML Prepared for China’s Grip on Rare Earths, CFO Says

The semiconductor toolmaker stated that it has inventory and alternatives for rare earth supplies, and that it’s expecting a decline in its China sales.

CEO of Dutch tech giant ASML, Christophe Fouquet (L) and CFO of ASML, Roger Dassen (R) speak during the presentation of the company's quarterly and annual results in Veldhoven, the Netherland, on Jan. 29, 2025. Rob Engelaar/ANP/AFP via Getty Images

ASML is prepared for the Chinese regime’s tighter curbs on rare earth materials, its Chief Financial Officer Roger Dassen said on Wednesday.

The Dutch chip toolmaker is one of the companies affected by China’s new restrictions announced on Oct. 9, which require exporters to seek licenses from Dec. 1 for products containing more than 0.1 percent of rare earth ingredients sourced from China.