ASML Faces Tech Cold War Strain as US Blocks Chip-Making Equipment Shipments to China

ASML Faces Tech Cold War Strain as US Blocks Chip-Making Equipment Shipments to China

Tensions between the US and China over advanced technology escalated this week as Dutch firm ASML canceled some planned shipments of its sophisticated chip-making equipment to China.

ASML, a leading global supplier of the ultra-precise lithography machines used to manufacture computer chips, made the tough decision after reported interference by the American government.