“Those tools potentially account for a low-teens percentage of ASML’s 2026 sales.”
The proposed MATCH Act would tighten restrictions on semiconductor equipment sales to China. ASML stands to lose a low-teens percentage of its 2026 revenue. The market reacted accordingly. Every chip restriction has the same shape. The US tightens export controls. China finds workarounds. Equipment makers eat the cost. Rinse and repeat.