China has been ASML's biggest market for four quarters in a row; China sales rose 21% YoY to €2.3B in Q2 2024 and accounted for 49% of ASML's Q1 and Q2 sales
here's why Nikita Prasad / Livemint : Tech-heavy Nasdaq hits two-week-low; Nvidia, ASML crash 4-8% from all-time high on tighter US trade curbs outlook DigiTimes : ASML performance surges amid TSMC investment rumors, strong China sales despite US curb threats Britney Nguyen / Quartz : Biden is weighing tougher trade rules to block chipmaking exports to China Dan Robinson / The Register : Rising ASML sales overshadowed by fears of more drastic US restrictions Che Pan / South China Morning Post : Tech war: AMSL's China shipments rebound in second quarter but further restrictions loom Patrick Seitz / Investor's Business Daily : ASML Stock Plunges On Outlook. What China Export Curbs Could Mean For Chip Gear Firm. Greg Noone / Tech Monitor : ASML posts strong earnings thanks to China sales, AI boom Benzinga : ASML Beats Q2 Earnings Expectations With Strong China Sales, AI Chip Demand Arjun Kharpal / CNBC : ASML reports Q2 net sales down 9.5% YoY to €6.24B, vs. €6.03B est., net income down 18.7% YoY to €1.6B, vs. €1.4B est., and keeps its FY 2024 outlook unchanged