Technology

Europe’s Most Valuable Tech Company Tries to Avoid the Chip War

The world’s leading manufacturer of advanced chipmaking equipment wasn’t impacted by the US’s latest action, but is likely to remain in the spotlight.

An ASML cleanroom.

Source: ASML
Lock
This article is for subscribers only.

As the US escalates its campaign to undermine the Chinese semiconductor industry, Europe is trying—with some success—to avoid becoming collateral damage.

At the center of the maneuvering is ASML, the Dutch manufacturer of chipmaking equipment and Europe’s most valuable tech company. It’s one of the very few producers of the sophisticated lithography machines needed to make midgrade semiconductors, and the only manufacturer of the equipment needed to make the most cutting-edge chips. That puts ASML in the spotlight for policymakers.