ASML is prepared for the Chinese regime’s tighter curbs on rare earth materials, its Chief Financial Officer Roger Dassen said on Wednesday.
The Dutch chip toolmaker is one of the companies affected by China’s new restrictions announced on Oct. 9, which require exporters to seek licenses from Dec. 1 for products containing more than 0.1 percent of rare earth ingredients sourced from China.
Speaking to reporters on Wednesday, Dassen said the company is well prepared for potential disruptions.
“We have inventory, we have alternatives. But of course, you have the impact on us directly that we’re navigating,” Dassen said.
“If you talk about the next three years … it’s important that the world is able to continue to trade and that we do not end up in a situation where we get limitations in that regard.”…
ASML Prepared for China’s Grip on Rare Earths, CFO Says
