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The U.S. will keep pressuring allies to restrict chip sales to China, ASML chief says
China is the Dutch chipmaking equipment company's largest market
In This Story Christophe Fouquet, chief executive of ASML ( ASML+0.68%), said most of its business in China is focused “on mainstream semiconductors,” which “is very different from AI,” during the Bloomberg Tech Summit on Tuesday. China has been ASML’s largest market for the last five quarters, with nearly half of the Dutch company’s revenue for the second-quarter coming from sales to the country, Bloomberg reported. “While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover,” Fouquet said in the company’s earnings report.
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