ASML Holding NV's exports to mainland China will likely hold at last year's level in 2023 despite ongoing U.S-Dutch government talks over new restrictions on the company's sales to the country, CEO Peter Wennink said on Wednesday.
Chinese orders make up about 15% of ASML backlogexports to mainland China will likely hold at last year's level in 2023 despite ongoing U.S-Dutch government talks over new restrictions on the company's sales to the country, CEO Peter Wennink said on Wednesday.
The company still sends older DUV machines to China, although these are now a focus of the U.S.-Dutch talks. Such sales totalled around 2.16 billion euros , or 14% of total revenue, last year, down marginally from 2.17 billion in 2021., Wennink said he expected sales to China to be "about the same" this year, adding that orders from Chinese firms make up about 15% of the company's 40 billion euro order backlog.
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