Semiconductor company ASML sees continued strong demand in China and believes it is unlikely that a major domestic competitor will emerge as long as the company can sell and service its products in the country. Reuters reports this.
Despite US-led export restrictions that prevent the sale of ASML’s most advanced equipment, China is expected to account for around 20 percent of the company’s sales in 2026, according to CEO Christophe Fouquet and CFO Roger Dassen.
