ASML’s China Sales Surge Highlights Risk of Tighter US Curbs (2)

ASML’s surging sales to China in the second quarter accounted for nearly half of the Dutch company’s revenue, revealing the limited impact of US export restrictions so far as the Biden administration considers even tougher curbs.

The results highlight how much is at stake for ASML as the US warned allies that it is considering using its most severe trade restrictions to prevent companies from giving China access to advanced semiconductor technology. Washington is mulling whether to impose the measures, called the foreign direct product rule, on companies including ASML, Bloomberg News reported earlier Wednesday.

ASML’s increasing exports to ...