'We need to abide by the law, and if we want to ship a certain technology... we need to go to our government and apply for an export license,' said ASML CEO Wennink, pictured here with CFO Roger Dassen (right) at a news conference Veldhoven, Netherlands on Jan 22. — Reuters
VELDHOVEN, NETHERLANDS: Semiconductor equipment maker ASML Holding NV on Jan 22 forecast double digit growth in sales and profits for 2020, saying it did not expect any financial impact from being swept up in the trade war between the United States and China.
ASML has a near-monopoly in making lithography systems, giant €150mil (RM676mil) machines used to print chip circuitry, but the Dutch government has withheld permission for the company to export one of its most advanced technologies to China.
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