AMSTERDAM: Dutch semiconductor equipment maker ASML said on Thursday the company sees demand for its products remain strong in China, with around â¬ 2 billion ($ 2.3 billion) in sales in 2021.
CFO Roger Dassen said ASML, which is currently operating at full capacity amid the global semiconductor shortage, believes it will have a similar level of sales in China in 2022.
âI expect domestic China sales to exceed a little over 2 billion (euros) this year,â he said, split between logic and memory chip customers.
“For next year, I wouldn’t expect that number to increase dramatically, but we expect that number to hold steady, so also pretty strong sales next year.”
ASML is the leading manufacturer of lithography systems, the technology used to create circuitry for computer chips.
Due to US government military concerns, the allied Dutch government has not allowed ASML to ship its most advanced tools to China. However, Chinese companies are the main buyers of ASML’s previous generation products, and China is the company’s third-largest market, behind Taiwan and South Korea.
Referring to discussions in U.S. political circles over whether lithography sales in China should be further restricted, Dassen said this would not have an immediate impact on ASML.
âIf for some reason something happened on the Chinese front, say tighter regulationâ¦ in all likelihood demand would be sucked elsewhere,â he said.
He said ASML was assessing the additional capacity the company would need to meet increased demand for its products due to plans by the United States, the European Union and other governments to increase capacity. regional semiconductor manufacturing due to strategic considerations.
Dassen was speaking at the Morgan Stanley TMT conference.
(US $ 1 = 0.8824 euros)
(Reporting by Toby Sterling editing by Kirsten Donovan and Mark Potter)