Hopper58 schreef op 9 september 2024 10:06:
Misschien al gepubliceerd, maar met het astronomische aantal posts op dit forum moeilijk te achterhalen:
'ASML Faces Dutch Export Curbs on Chip Tools. It’s a Buying Opportunity.
By
Elsa Ohlen
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Published: Sept. 6, 2024 at 12:25?p.m. ET
The Netherlands will expand its export restrictions on some of ASML’s chip- manufacturing equipment, the Dutch government said Friday. While that sounds like bad news, analysts see it as a buying opportunity.
“The Dutch government issued a press release today on export controls that is causing quite some confusion and misunderstanding,” ASML wrote in an email to Barron’s. “We want to make clear there are no new export restrictions for us, but that the control of existing restrictions is now completely with the Dutch government. The US government controlled part of the rules but now the Dutch government handles this as well.”
The export controls, which come into effect on Saturday, apply to deep ultraviolet lithography equipment, the government statement said. The ASML products affected are the 1970i and 1980i DUV immersion lithography systems, according to the company.
The new rules aren’t expected to affect ASML’s financial outlook for 2024 or over the longer term, the company said.
The restrictions come as the U.S. and its allies seek to curb China’s access to critical technologies, such as advanced chips, that could be used for military applications. The stock has lost about 25% of its value in the past three months as a result of concerns about stricter U.S. restrictions on exports of chipmaking equipment to China.
Jefferies analyst William Beavington sees the weakness in ASML stock as buying opportunity, writing that he doesn’t expect U.S. controls to affect ASML’s outlook for 2025 or subsequent years. Despite “significant fears” driven by media reports, “these new rules have no additional impact on ASML,” Beavington wrote in a research note.
Bank of America cut its target for ASML’s Amsterdam-listed stock to 1,064 euros ($1,181) from 1,302 euros, implying a potential gain of nearly 45% in the price. The broker reiterated a Buy rating, saying the stock’s decline means it is a good time to snap up shares.
ASML’s Amsterdam-listed shares fell 2.3% on Friday while its American-listed shares were down about 3% at $771.30.'
www.marketwatch.com/articles/asml-chi...