ASML says Chinese employee stole data as US sanctions bite
ASML has claimed that a former employee in China stole data about its technology, which may have led to a breach of export controls.
ASML does not explicitly state what this information is, or whether it may assist the Chinese in attempting to copy the company's technology, but said that based on initial investigations, it did not believe that the misappropriation is material to its business. Also in the annual report, ASML president and CEO Peter Wennink referred to reports in the media that thehave agreed to further restrict the export of semiconductor manufacturing equipment to China.
He said that it would take many months for the governments involved to draw up and enact new rules, but ASML did not expect these measures to have a material effect on its expectations for 2023., and said at the time that it expected to see continued strong growth during this year.
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